One of the world s largest investment banks confirmed a top executive had exited the firm, but failed to explain the reason, US media revealed on Tuesday.
Construction data: Expert reaction
Commenting on today s ONS construction figures, showing output grew by 5.8pc in March, Clive Docwra, Managing Director of property and construction consultancy McBains, said:
This is further proof of the construction sectorâs continuing resurgence, with order books steadily being filled as confidence returns and the industry recovers from the downturn over the previous year. Â March represents the largest monthly growth since July 2020 when output grew by 17.8pc. Â Private new housing has been a key driver, and a landmark has been reached with output now above pre-pandemic levels. One slight reservation is that while new contracts continue to come in, construction firms are being squeezed by soaring prices of imported materials, notably concrete, steel and timber. Â
Goldman Sachs Executive Takes Exit Door After Making Millions with Dogecoin
6 hours ago by Benjamin Godfrey · 3 min read
Photo: Shutterstock
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Dogecoin has been known to exhibit a ‘pump and dump’ kind of movement in its price. However, the recent growth performance has proven to be different.
Aziz McMahon, a former managing director at the Lond arm of investment banking giant Goldman Sachs Group Inc (NYSE: GS) has resigned from his job. According to the Guardian, the Goldman Sachs executive resigned after making millions from his investments with sensational meme-coin Dogecoin (DOGE).
Many have wondered how large the profits McMahon earned from his Dogecoin trade/investments could be as the amounts are yet to be uncovered. However, going by the meteoric rise in valuation of the Shiba-Inu-themed coin that was created in 2013, and the more than 13,000% growth record year-to-date, McMahon may be among those caught on the posi
by Tyler Durden
Wednesday, May 12, 2021 - 05:14 PM
In a story that captures the impact that cryptocurrencies - created by Satoshi Nakamoto to disrupt the practice of central banking - have had on the world of finance, a managing director at Goldman Sachs has reportedly quit the bank after making a fortune off Dogecoin.
The Guardian and the website efinancialcareers reported that Aziz McMahon, a former managing director and head of emerging market sales at Goldman Sachs, resigned from the investment bank - and gave up one of the most prestigious jobs in the world of finance - after earning the windfall of a lifetime off a cryptocurrency created as a joke back in 2013, and which has seen a massive runup so far this year. The exact size of McMahon s alleged crypto-fortune wasn t disclosed, other than the fact that he made millions of dollars . The cryptocurrency is up more than 1,00% in 2021, though it has fallen more than 30% since the start of the week, and was recently trading