Former Goldman Sachs head to lead climate fund at TPG
Henry Paulson, a former US Treasury Secretary under President George W. Bush, has agreed to lead a new private equity fund at TPG Capital that will focus on fighting climate change while also meeting the firm’s usual standard for returns, The New York Times reported. Dubbed TPG Rise Climate, the fund marks a return to […]
Goldman Invests in Echelon in Bet on At-Home Fitness Amid Covid
Goldman Sachs Group Inc. is leading a $65 million financing in Echelon Fitness, giving the bank and another investor a controlling stake in a maker of exercise machines as more people work out at home amid the pandemic. The Chattanooga, Tennessee-based company competes with Peloton Interactive Inc., Lululemon Athletica Inc.’s Mirror, Tonal, Tempo, Icon’s NordicTrack, […]
Wall Street Poised for $11 Billion in Buybacks With Fed Decision
The six biggest U.S. banks will be able to buy back as much as $11 billion of their own shares in the first quarter of next year after the Federal Reserve gave lenders the green light to resume purchases. The central bank’s show of confidence released late Friday followed a second round of 2020 stress […]
