Goldman Sachs

Fed corrects stress test error for Morgan Stanley, Goldman Sachs


The central bank said it had miscalculated the loss rates for certain public welfare investments, which led to incorrect capital requirements for the two companies.


Banks broaden school recruiting in bid to diversify ranks


A decision by some banks to replace in-person campus visits with video interviews is intended to increase diversity by reaching beyond the handful of elite business schools and Ivy League universities long associated with the finance industry.


Fed publishes big-bank capital requirements tied to stress test buffer


Under a rule issued in March, banks will build an additional capital cushion that is determined by their performance in the annual tests.


Goldman's 2Q profit surges on record trading revenue


Goldman Sachs Group made the most of a historic market rebound in the second quarter as the Federal Reserve’s stimulus efforts handed a bonanza to Wall Street trading desks.


Fintech shakeout, Main Street loan quandary, PNC diversifies leadership: Top stories of the week


New president of Promontory Interfinancial Network says recession will cause "hundreds" of nonbank disruptors to fail; lenders face dilemma over offering Main Street loans to noncustomers; PNC Financial expands, diversifies executive leadership team; and more from this week’s most-read stories.


Four big banks throw weight behind climate finance center


The new Center for Climate-Aligned Finance will help financial institutions navigate the various challenges involved in the shift to renewable energy — as lenders, power consumers and corporate citizens. Its backers include JPMorgan and Bank of America.


Inside Goldman’s new corporate banking portal


The Wall Street firm is jumping into a market dominated by a handful of big U.S. banks, betting that superior technology can lure companies with complex cash-management needs.


A second chance for rejected Apple Card applicants


Goldman Sachs, the card’s issuer, has rolled out a new program in which it will provide personalized advice to consumers with marred credit profiles in hopes of making them customers down the road.


Bankers look to Asia for glimpse of what U.S. recovery could look like


Top executives from Citigroup and Goldman Sachs offered warnings Wednesday about why the U.S. economy may be slow to bounce back from the coronavirus pandemic.


Bank stocks slump on Fed forecast; Quicken going public


Financials drop 8.2% on prediction of low rates through 2022 and dim economic outlook; the largest mortgage originator and a top challenger to traditional lenders has filed what may end up being the year's largest initial public offering.