Goldman Sachs

Fed corrects stress test error for Morgan Stanley, Goldman Sachs

09/04/20

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.

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Banks broaden school recruiting in bid to diversify ranks

08/21/20

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.

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

08/10/20

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

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Goldman's 2Q profit surges on record trading revenue

07/15/20

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.

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

07/11/20

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.

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Four big banks throw weight behind climate finance center

07/09/20

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.

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Inside Goldman’s new corporate banking portal

07/08/20

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.

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A second chance for rejected Apple Card applicants

06/29/20

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.

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

06/24/20

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.

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Bank stocks slump on Fed forecast; Quicken going public

06/12/20

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.

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