by The Associated Press | Dec 8, 2023 | Banking & Lending, CR Daily, Industry News
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.
by The Associated Press | Jun 14, 2022 | Banking & Lending, CR Daily, Executive Briefing, Industry News
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.
by James Sanna | May 20, 2022 | Commercial & Industrial, CR Daily, Industry News
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.
by The Associated Press | May 10, 2022 | Commercial & Industrial, CR Daily, Industry News, Residential
Some small businesses are still struggling to hire qualified workers, even as Americans return to the U.S. job market in droves.
by The Associated Press | Apr 15, 2022 | Banking & Lending, CR Daily, Industry News
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.
by The Associated Press | Mar 19, 2019 | Banking & Lending, Commercial & Industrial, CR Daily, Industry News
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.
by Reuters | Oct 17, 2018 | Banking & Lending, CR Daily, Industry News
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.
by Reuters | Aug 14, 2018 | Banking & Lending, CR Daily, Industry News
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.
by Reuters | Jul 18, 2018 | Banking & Lending, CR Daily, Industry News
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.
by Reuters | Jul 17, 2018 | Banking & Lending, CR Daily, Industry News
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.
by Reuters | Jul 12, 2018 | Banking & Lending, CR Daily, Industry News
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.
by Reuters | May 18, 2018 | Banking & Lending, CR Daily, Industry News
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.
by Reuters | Apr 4, 2018 | Banking & Lending, CR Daily, Industry News
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.
by Reuters | Mar 12, 2018 | Banking & Lending, CR Daily, Industry News, People
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.
by Reuters | Nov 28, 2017 | Banking & Lending, CR Daily, Industry News
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.
by Reuters | Oct 11, 2017 | Banking & Lending, CR Daily, Executive Briefing, Industry News
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.
by Reuters | Jul 18, 2017 | Banking & Lending, CR Daily, Executive Briefing, Industry News
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.
by Reuters | Jun 16, 2017 | Banking & Lending, CR Daily, Executive Briefing, Industry News
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.
by Reuters | Mar 20, 2017 | Banking & Lending, CR Daily, Executive Briefing, Industry News
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.
by Reuters | Sep 7, 2016 | Banking & Lending, CR Daily, Executive Briefing, Industry News
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.