Peeyush Nahar has served as the global head of Goldman’s consumer business, formerly known as Marcus, since June 2021. California's public pension plan has admitted that putting its private-equity program on hold for 10 years had cost it up to $18 billion in returns. Goldman Sachs’s beleaguered consumer bank is losing another leader, Bloomberg reported Friday, as the division continues to lose money and executives debate its future. Goldman Sachs, Bank of America, JPMorgan, and Citi are leading the deal.ĥ. When one of the company’s young stars, 42-year-old Omer Ismail, left with one of his deputies to run a Walmart-backed startup, Goldman CEO David Solomon was so angry that the bank considered. Volkswagen is targeting a valuation of up to $75 billion for the IPO, and if successful, it would be the second-largest share sale in Germany. Volkswagen is offering 911 million shares in the initial public offering of Porsche, in a nod to the iconic 911 sports car. Ismail took his top lieutenant David Stark with him as part of his departure. Nahar replaces Omer Ismail, who left Goldman Sachs in February to run Walmart’s new fintech startup. The incident took place in February after the bank's global debt-capital-markets team were in the UK for company meetings.Ĥ. Goldman Sachs announced that Uber’s VP of Technology, Peeyush Nahar, will join the bank as a partner and Global Head of the Consumer Business, effective June 1. Santander has hired a law firm to investigate a group of bankers who visited a strip club, according to the Financial Times. Here are 61 disruptive firms changing the world of banking, trading, and investing.ģ. Insider surveyed 43 investors - including Bain Capital Ventures and Lightspeed Venture Partners - about the most promising fintechs to watch. Zirtue Onward Blue Onion Labs Merge Rachel Mendelson/InsiderĢ.

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