Goldman Sachs Group Inc. plans to fold its biggest businesses into three divisions, undertaking one of biggest reshuffles in the Wall Street firm’s history. Goldman GS, -2.31% will combine its flagship investment-banking Read more
Tag: Goldman Sachs Group Inc.
Apple gets into the savings game as it deepens financial push
Apple Inc. is deepening its involvement in the world of financial services. The consumer-electronics company plans to let Apple Card users park their Daily Cash in a high-yield Goldman Sachs Read more
This new real-estate fund could earn you 8% to 10% returns with just a $1,000 minimum investment
When most private equity executives talk about democratization of the asset class, it usually means they have a way to allow accredited investors with more than $1 million in net Read more
JPMorgan, Citi, Morgan Stanley and Wells Fargo kick off bank earnings season in choppy waters
JP Morgan Chase & Co., Citigroup Inc., Wells Fargo & Co. and Morgan Stanley kick off the third-quarter bank earnings reporting season on Friday, Oct. 14 amid some of the Read more
U.S. companies, including PepsiCo, accused of ‘moralwashing’ in statements about Russia
A host of companies has been accused of making statements about Russia that “look better than their actions,” according to the Moral Rating Agency. The Moral Rating Agency has published Read more
Banks dial up risk-taking in OTC derivatives trades by using many of the same non-bank counterparties, a study says
A working paper on counterparty choice by major banks in the $12.4 trillion over-the-counter derivatives market offers evidence of systemic risk propagation in bank networks through non-bank counterparties in “opaque” Read more
Dow sheds 200 points as Fed officials downplay hopes for rate-hike pause, investors await September jobs report
U.S. stocks extended losses on Thursday afternoon during another volatile session as traders reacted to data showing a sharper-than-expected rise in unemployment claims, along with comments from senior Federal Reserve Read more
Private companies pivot to conserve cash to await eventual opening up of IPO market
Private equity and venture capital-backed companies are faced with conserving cash and shoring up costs in the choppy stock market of 2022, as capital from initial public offerings and syndicated Read more
Fintech startup Yotta customer wins $500,000 in sweepstakes drawing
A Georgia resident named Nicolette, in the midst of a breakup with her husband, was looking online for a new bank when she came across a financial technology startup called Read more