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Banking & Finance

President Obama Announces Goldman Sachs' $10 Billion Commitment to Solar Energy

President Obama announced a number of public and private sector initiatives to support the deployment of solar power in the United States. As part of Goldman Sachs' existing commitment to finance and co-invest $40 billion over the next decade towards clean technology and renewables, the firm will target $10 billion for distributed generation renewables including solar in the US.This significant investment by Goldman Sachs aligns with the broader goal of increasing renewable energy adoption in the country. The focus on solar power reflects a strategic move towards...

Banking & Finance

Goldman Sachs Announces CFO Transition and Board Appointment

Goldman Sachs Group, Inc. has announced a significant change in its leadership team, with Harvey M. Schwartz set to take over as Chief Financial Officer at the end of January 2013. This move comes as David Viniar, who has served as the Chief Financial Officer for 12 years, has decided to retire and join the Board of Directors as a non-independent director at that time. The firm also plans to appoint additional independent directors to its board in the near future.Lloyd C. Blankfein, Chairman and CEO of Goldman Sachs, expressed his confidence in the transition, stating,...

Banking & Finance

Goldman Sachs to Present at Sanford C. Bernstein's 2012 Annual Strategic Decisions Conference 2012

The Goldman Sachs Group, Inc. has announced that Gary Cohn, President and Chief Operating Officer, will be presenting at the Sanford C. Bernstein 2012 Annual Strategic Decisions Conference in New York City on Thursday, May 31, 2012, at 9:00 a.m. (EST).According to the press release, a live audio webcast of the presentation will be available on the Investor Relations section of the Goldman Sachs website at www.gs.com/shareholders. For those unable to listen live, a replay will be accessible on the website shortly after the event.Goldman Sachs, a prominent global...