Top Wall Street CEOs amplify recession warnings as bets of dismal 2023 swell
The CEOs of Goldman Sachs, JPMorgan Chase and Bank of America warned of an ugly outlook for the economy in 2023, raising the specter of a recession next year.
Goldman Sachs on hunt for bargain crypto firms after FTX fiasco
FTX filed for Chapter 11 bankruptcy protection in the U.S. on Nov. 11 after its dramatic collapse, sparking fears of contagion and amplifying calls for more crypto regulation.
Goldman warns of bonus cuts for traders
Investment banks have seen a plunge in deal making activity this year as choppy markets and aggressive interest rate hikes have forced lenders to pull back from financing large deals.
SEC charges Goldman Sachs Asset Management with not following ESG investments policies
The $4 million dollar fine from the SEC was for practices in 2017 and 2018 that left ESG undefined and at the discretion of Financial Advisors in ESG funds
Bear market is not over yet, and will continue in 2023, Goldman Sachs warns
Goldman Sachs strategists on Monday said that the bear market is not over yet, and it could last through 2023 until the Fed stops hiking interest rates.
Goldman Sachs unveils new lobbying push in Congress
Goldman Sachs is organizing a push to get Congress to revamp the Small Business Administration, arguing the organization is outdated and could cause problems for business owners.
Top Wall Street CEOs revive warnings about US economic recession as inflation rages
JPMorgan CEO Jamie Dimon and Goldman Sachs CEO David Solomon revived their warnings about the U.S. economy during Saudi Arabia's investment conference in Riyadh.
Housing, oil reports, 3Q earnings and more: Wednesday's 5 things to know
Health care will be the focus of Wednesday's third-quarter earnings reports as Elevance Health and Abbott Labs are among companies reporting earnings.
Goldman Sachs CEO sees 'good chance' of US recession in 2023
The U.S. economy is likely headed for a recession, according to Goldman Sachs CEO David Solomon, who became the latest bank exec to warn of a looming downturn.
Goldman Sachs to restructure businesses, combining investment banking and trading: report
Goldman Sachs is planning to restructure its biggest businesses into three divisions, which include combining investment banking and trading businesses into one unit.
Apple to offer Goldman Sachs savings accounts to Apple Card holders
Apple will start offering high-yield savings accounts to its credit cardholders in partnership with Goldman Sachs, according to a Thursday press release.
Inflation tops financial worries among retirees: Goldman Sachs
In addition to inflation, surveyed retirees' top concerns were about future health care, potential reductions in future Social Security benefits and running out of money.
Peloton co-founder John Foley faced Goldman Sachs margin calls as stock sank: WSJ
Foley pledged about 3.5 million Peloton shares as collateral as of the end of September 2021, or about 20% of his stake at the time, according to the Wall Street Journal.
World Bank cuts China growth forecast as COVID-19, real-estate crunch take toll
The World Bank expects developing economies in East Asia to grow faster than China, because of it's zero-COVID policies, for the first time since 1990.
Goldman Sachs slashes S&P 500 target by 16% as Fed ramps up inflation fight
The Federal Reserve will continue to rattle markets this year with its rate hike path, according to Goldman Sachs, which sees the S&P ending the year at 3,600 points.
Fed unlikely to cut interest rates until 2024, Goldman Sachs says
Goldman Sachs economists see the Federal Reserve raising interest rates until 2023 to a range of 4.25% to 4.50% and then holding there for a year as they fight inflation.
Goldman Sachs cuts 2023 outlook for US growth
Goldman Sachs is cutting its forecast for U.S. Growth Domestic Product in 2023 to 1.1% from 1.5% as monetary policy tightens.
US housing market downturn to worsen in 2023, Goldman Sachs warns
Housing sector activity will likely slow sharply in coming months, according to Goldman Sachs economists, with price growth eventually falling to zero.
Credit Suisse looking at cutting around 5,000 jobs
Credit Suisse looks to cut jobs after scandals that include failed investments, COVID-19 rules violation by chairmen, and potential dodging of sanctions on Russia.
Goldman Sachs lifts COVID vaccine requirement, others for employees
Wall Street banking giant Goldman Sachs said it is lifting its COVID-19 pandemic office protocols. Employees will be allowed in regardless of vaccination status.