Morgan Stanley Profit Beats on Strength in Equity Trading, Underwriting
Morgan Stanley reported a better-than-expected quarterly profit on Tuesday, driven by higher revenue in its stock trading and equity underwriting businesses.
Goldman, JPMorgan, Four Others Must Face Stock Lending Antitrust Case
A U.S. judge on Thursday ordered Goldman Sachs Group Inc., JPMorgan Chase & Co. and four other large banks to face an antitrust lawsuit by investors who said they conspired to stifle competition in the nearly $2 trillion stock lending market.
JPMorgan Steps Up Push for Women Executives and Clients
JPMorgan Chase & Co. is expanding the reach and funding of a group established to promote women working inside the bank to also help female clients, including entrepreneurs and individuals.
Goldman Names New Operating Chief, Finance Head in Executive Shakeup
Goldman Sachs Group Inc. on Thursday announced its biggest management shakeup since naming David Solomon as CEO Lloyd Blankfein’s successor.
Goldman Banker Had Raised Ethics Concerns
A former Goldman Sachs Group Inc. partner had raised concerns about some unethical practices at the bank before he left in 2015, the New York Times reported on Tuesday, citing people close to the matter.
Goldman Drops Bitcoin Trading Plans for Now
Goldman Sachs Group Inc. is ditching plans to open a desk for trading cryptocurrencies in the foreseeable future as the regulatory framework for crypto remains unclear, Business Insider reported on Wednesday, citing people familiar with the matter.
Goldman Shareholders Can Again Pursue Class Action Over CDOs
A federal judge on Tuesday said Goldman Sachs Group Inc. shareholders may again pursue class-action claims that the bank concealed conflicts of interest when creating risky subprime securities before the 2008 financial crisis.
Berkshire Boosts Goldman, Teva stakes; Buys More Apple
Warren Buffett’s Berkshire Hathaway Inc. boosted its investments in Goldman Sachs Group Inc. and Israel’s Teva Pharmaceutical Industries Ltd. during the second quarter and confirmed it has expanded its already huge bet on iPhone maker Apple Inc.
Goldman Sachs Sued by Ex-Managing Director Who Said He Was Whistleblower
Goldman Sachs Group Inc. was sued last Thursday by a former managing director who said the Wall Street bank retaliated against him and fired him after he complained about its dealings with an unidentified “notorious European businessman.”
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.
Real Estate Investing Startup Cadre Partners with Goldman Sachs
New York-based real estate investment company Cadre has partnered with Goldman Sachs Group Inc to allow the bank’s private wealth management clients to invest through the startup’s platform.
Morgan Stanley Claims Rare Victory Over Rival Goldman Sachs
Morgan Stanley beat Wall Street’s profit expectations on Wednesday, reporting gains across most of its businesses and producing more trading revenue than rival Goldman Sachs Group Inc., a rare feat.
Goldman Names Elisha Wiesel As New Chief Information Officer
Goldman Sachs Group Inc. has named a new chief information officer as former head Marty Chavez will become chief financial officer of the Wall Street firm.
Ex-Goldman Sachs Employee Spared Jail Over New York Fed Leaks
A former Goldman Sachs Group Inc. associate who admitted to illegally obtaining confidential documents from a friend at the Federal Reserve Bank of New York was handed a fine on Tuesday but spared a prison sentence. Federal prosecutors in Manhattan had sought up to a...Banks Eye More Cost Cuts Amid Global Growth Concerns
Goldman Sachs Group Inc. and other U.S. banks are looking at ways to slash expenses further this year as market turmoil, declining oil prices and concerns about Germany’s Deutsche Bank AG have sent the sector’s shares down sharply. “We can absolutely do a lot more on...
