Goldman, memorably described as a "great vampire squid" in a 2010 Rolling Stone essay, is among the most dominant financial institutions in the world.
The end of Blankfein's tenure at the top of Goldman Sachs has always been a Wall Street talking point. When the Journal published its story, Blankfein took to Twitter and said the announcement was like "Huck Finn listening to his own eulogy".
Schwartz has been co-president and chief operating officer since January 2017.
Khloe Kardashian's extravagant baby bash
She revealed that their family has been huge fans of the show for a long time and were excited to be apart of Family Feud . A source said: "The shower was very over the top, but absolutely stunning.
It is now a lot clearer who will replace Lloyd Blankfein at the top of Goldman Sachs. The firm's fixed-income trading business, which produced Schwartz, is coming off its worst year in more than a decade.
That person is David Solomon, the bank's co-president and co-COO. Before that, he served as Goldman's chief financial officer and quarterbacked the firm's transition to tougher regulation. It follows a typical succession plan pattern at the Wall Street bank, which tends to name two or three people into co-head roles until one of them proves to be the right choice for further promotion.
Prior to Goldman, Solomon spent almost nine years at Bear Stearns. Solomon ended up taking a demotion to join Goldman Sachs, a bet that now seems to have paid off in spades. Goldman's trading business has stumbled and its stock price is badly trailing rival Morgan Stanley as well as big banks like Citigroup and Bank of America.
German uitlities E.ON, RWE in energy market shakeup
For its part, Eon will emerge with the retail and network businesses of Innogy, and will also acquire the same unit from RWE. As wholesale power prices have dropped, the big utilities have been forced into an ongoing process of restructuring.
Fashion designer Hubert de Givenchy (91) dies
In 1988, the Givenchy brand was eventually sold to LVMH, a luxury brand that owns companies like Moet, Loius Vuitton, and others. He was replaced by John Galliano, who was soon to leave for Dior, handing over to fellow Brit Alexander McQueen.
Alexa's new Follow-Up Mode can handle back-to-back requests
Obviously you can't make a video call to a regular Echo, but that should be obvious seeing as how it doesn't have a camera. The blue ring on your Alexa device of choice will light up during these five seconds to indicate that she's listening.
Five things we learned from the Premier League
Liverpool FC have netted 65 times in the current campaign, but the Reds have conceded 32 times in 28 games in the Premier League. United dominated the game, getting two first half scores and taking a 2-0 lead into halftime.
Samsung Galaxy S9 and S9
Samsung is targeting users of Galaxy S7 and iPhone 7 series smartphones by offering trade-in discounts globally. The industry watchers have stated that the performance of Galaxy S9 hovered below the level of expectations.
Ford to offer 2019 Mustang GT California Special
The next CS will get the 5.0-liter V8, a manual or automatic transmission and a few other unique pieces. Ford says that rev-match tech will "ensure smoother and more spirited day-to-day-driving".
9-Month-Old Baby Found Crawling On Busy Roadway In New York
Coromato said that in addition to the 9-month-old, a 1-year-old, two-year-old and 5-year-old were also removed from the home. The video also shows several people who don't know the baby or his mother tending to and removing him from harm's way.
The comedian Sir Ken Dodd has died
The Liverpudlian stand up, from Knotty Ash, married his partner of 40 years Anne Jones on Friday at their house. He also ventured into TV shows including "The Ken Dodd Show", "Beyond Our Ken" and "Ken Dodd's Laughter Show".