A stock or index is said to be in a bear phase if the benchmark extends its decline to 20 per cent.
CFO Scherr also touched on the coronavirus and its impact on the bank's day-to-day operations and markets
Global equities will likely post a drop of between 20% and 25% from their peak before rebounding, the strategists said
Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia
The Mumbai-based lender has a market capitalisation of about $86 billion, giving it a bigger standing than major US banks like Goldman and Morgan Stanley
Goldman said it expects a total of 100 basis points of cuts in the near term from the Bank of Canada, which meets this week
The bank raised its 12-month projection by $200, and said "in the event that the virus effect spreads to Q2, we could see gold top $1800/oz already on a 3-month basis."
The "precautionary measures" follow similar moves taken by Morgan Stanley earlier this week, as global businesses seek to help prevent further spread of the deadly coronavirus
Bloomberg is, among other things, competing with Trump on his own terms on social media - and has spent no shortage of money in doing so
The schools run by Galileo include the Paris School of Business (PSB), Macromedia University in Germany and Italian fashion school Istituto Marangoni
The Justice Department has said more than $4.5 billion was stolen from 1MDB by high-level officials at the fund and their associates between 2009 and 2015
Despite a slowing economy, the budget does not envisage any major stimulus through the budgeted fiscal deficit figures, said Goldman Sachs.
Goldman and Apple Inc in March rolled out a virtual credit card to help build out the Wall Street bank's consumer business, which also consists of its online bank Marcus
The United States warned on Monday that Americans should "reconsider" visiting all of China, while South Korea elevated its travel warning on Tuesday, advising its citizens to stay away
The mandate is the latest in a series of signals that non-diverse boards and management are unacceptable
Goldman Sachs Group has spoken publicly only in broad strokes about its strategy for China as the gates come down this year.
. Coders have been handed licenses to trade equities at JPMorgan Chase & Co. while they're the focus of the biggest hiring spree in years for Goldman Sachs Group Inc.'s trading division
Goldman Sachs recently announced a $750 billion, 10-year initiative in nine different areas such as clean energy, affordable education, among others
Goldman's move is expected to assuage concerns of investors and analysts who have long called for greater transparency across all of the bank's major businesses
Rebel Foods CEO and co-founder Jaydeep Barman is disrupting the 500-year-old restaurant industry, which he says hasn't changed at all