Goldman Sachs

Morgan Stanley promotes senior execs; strong dollar hits bank stocks

07/11/18

The moves are seen as setting the stage for CEO James Gorman’s eventual retirement; banks outside the U.S. are suffering from the greenback’s recent rise.

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Senate Dem blasts Fed stress test results for Goldman, Morgan

07/10/18

The Senate Banking Committee's top Democrat singled out Morgan Stanley and Goldman Sachs, which he said "got passing grades" despite being unable to maintain minimum required capital levels.

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Dreams of Goldman doing big takeover meet stress test's reality

07/09/18

Almost 10 years after the financial crisis, Wall Street was starting to wonder aloud: Might Goldman Sachs or Morgan Stanley make a big acquisition? Much of that speculation got a reality check on June 28 when both firms scraped through the Federal Reserve's annual stress tests.

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How one wellness program begat another at Fifth Third

07/09/18

After the Cincinnati bank started a personal assistant service for new mothers, it learned new parents needed help with budgeting, and that motivated it to team up with a Goldman Sachs firm to establish a financial wellness program for all its employees.

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Personal loans surge to a record high

07/03/18

LendingClub, Prosper, SoFi and other fintechs are driving the expansion, according to new data from TransUnion.

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PwC held accountable for bank failure; Fed gets friendly

07/03/18

A judge rules the accounting firm should have detected the fraud that brought down Colonial Bank; Fed deal with Goldman and Morgan Stanley shows softer side.

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Stress for Goldman, Morgan Stanley; Can AI produce bank reports?

06/25/18

The two Wall Street firms anxiously await the second round of stress test results; Commerzbank is working on using technology to generate basic research notes.

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The innovation strategy banks should avoid

06/21/18

Banks are more established organizations that cannot afford to take the same shortcuts and risks as startups do in fintech development, executives said.

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Fintech execs to old-guard banks: Step aside

06/20/18

Big banks and wealth managers are unwilling to sacrifice fee income and make other changes to catch up with their customers' digital demands, fintech leaders said.

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U.S. banks seen boosting payouts $30 billion after stress tests

06/19/18

Among the six biggest U.S. banks, Bank of America might see one of the steepest jumps in payouts. Wells Fargo is the wild card.

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