Megabank CEOs Warn New Regulations Could Harm the Economy
The heads of Wall Street’s biggest banks used an appearance on Capitol Hill on Wednesday to plead with senators to stop the Biden administration’s proposed changes to how banks are regulated.
Hot Inflation Dims Likelihood Fed Can Achieve ‘Soft Landing’
For months, Chair Jerome Powell has held out hope that the Federal Reserve will be able to raise interest rates high enough to throttle rampant inflation without tipping the economy into recession.
Big New Haven Multifamily Project Gets Construction Loan
A nearly-400-unit multifamily development planned next to New Haven’s Winchester Works biotech cluster could be advancing after a California real estate investment firm loaned its developers $78 million.
Small Businesses Still Struggle to Find Enough Workers
Some small businesses are still struggling to hire qualified workers, even as Americans return to the U.S. job market in droves.
Big Bank Profits Decline as Deal-Making, Mortgages Slow
Four big banks reported noticeable declines in their first-quarter profits Thursday, as the volatile markets and war in Ukraine caused deal-making to dry up while a slowdown in the housing market meant fewer people sought to get a new mortgage or refinance.
Ex-Goldman Exec Scrutinized for Economic Development Post
A former top Goldman Sachs executive tapped to oversee economic development policy in Connecticut and lauded by Gov. Ned Lamont for his caliber of financial and investment experience finds himself answering a lot of questions about his role in the mortgage meltdown of 2007-08.
Uber IPO Proposals Value Company at $120B
Ride-hailing company Uber Technologies Inc. could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday.
Musk Says Silver Lake, Goldman Advising on Taking Tesla Private
Tesla Inc. CEO Elon Musk tweeted on Monday that he was working with buyout firm Silver Lake and investment bank Goldman Sachs Group Inc. as financial advisers on his plan to take the U.S. electric car maker private.
Morgan Stanley Beats Estimates on Higher Trading Revenue
Morgan Stanley reported a better-than-expected quarterly profit on Wednesday, driven by higher revenues in equities and fixed income trading as well as investment banking.
Goldman Sachs Beats on Bond Trading Strength, Names New CEO
Goldman Sachs Group Inc. reported a better-than-expected quarterly profit on Tuesday and named bank insider David Solomon to replace long-time CEO Lloyd Blankfein.
Goldman Sachs, Prysmian, Others Lose Challenge Against EU Cartel Fine
Investment bank Goldman Sachs, the world’s biggest cablemaker Prysmian, Nexans and eight other cable companies on Thursday lost their challenge against a 302 million euros ($353 million) EU cartel fine.
Goldman, World Bank Fund for Women Entrepreneurs Hits $1B in Investments
A Goldman Sachs-World Bank Group partnership to provide capital to women entrepreneurs in emerging markets has reached $1 billion in investments, the institutions said on Friday, far surpassing their original goal of $600 million.
Judge Certifies Goldman Sachs Gender Bias Class Action
A federal judge ruled that women accusing Goldman Sachs Group Inc. of discriminating against them in pay, promotions and performance reviews may pursue their claims as a group in a class-action lawsuit.
Goldman Sachs President Schwartz to Retire in April
Goldman Sachs Group Inc. said on Monday that Harvey Schwartz, the bank’s president and co-COO, will retire, paving the way for David Solomon to become sole president and COO.
Goldman Calls Outcome Of Upcoming OPEC Meeting Uncertain
The outcome of the OPEC meeting in Vienna later this week is uncertain given current crude prices and a lack of consensus on an output cut extension deal, Goldman Sachs said on Monday.
Goldman Creates ‘Brain Trust’ In Effort To Boost Deals Business
Goldman Sachs Group Inc. is betting it can get its money-making mojo back by pitching creative deals to big, complex clients, marking a return to its investment banking roots as trading revenue slows.
Goldman’s Bond Trading Revenue Slumps 40 Percent
Goldman Sachs Group Inc reported a 40 percent slump in bond trading revenue, mirroring a broader weakness in trading activity that has plagued big U.S. banks in the latest quarter.
Goldman Sachs Raises $7B For New Private Equity Fund
Goldman Sachs Group Inc. has collected more than $7 billion for a fund which purchases secondhand stakes in private equity funds, far exceeding its initial target, according to two people familiar with the matter.
Goldman Sachs CEO Blankfein Sees Slight Pay Cut In 2016
Goldman Sachs Group Inc. CEO Lloyd Blankfein saw his overall compensation fall slightly, reflecting lower revenues at the bank in the first half of 2016.
Goldman Reduces Expectations Of September US Rate Hike
Goldman Sachs has reduced its expectation that the Federal Reserve will raise interest rates at its September meeting, citing weaker-than-expected economic growth and the lack of clear signals from a senior Fed official on Tuesday.
