News Topic: Goldman Sachs

Citigroup can beat consensus expectations in 2020 regardless of higher interest rates or stronger global growth, and is well positioned for potential supply chain shifts in Asia, Goldman Sachs said in an upgrade of the stock to buy from neutral. ... Read full article

Steve Hagerman, who was responsible for the first mortgage platform at JPMorgan Chase, will be head of consumer lending technology at Wells. It also named Gary Owen, a veteran of WarneMedia, Promontory Financial and Citi, its chief information security ... Read full article

The bank plans rollout of a global cash management business; the lead Democrat on the Senate Banking Committee “not optimistic” about privatization. ... Read full article

Purchase of United Capital Financial would extend the bank’s reach; the bank is raking in online deposits even as it pares back its branch network. ... Read full article

Eileen Murray has talked about leaving Bridgewater; A deal with Roger Ng could lead to charges against Goldman and its employees. ... Read full article

Big banks may have found a way to lower needed reserve levels; with Brexit delayed, Goldman will hold off on expansion. ... Read full article

Here are seven startups that received multimillion-dollar venture capital investments in recent weeks to accelerate the development of banking products and services. ... Read full article

Martin Chavez, global co-head of the securities division at Goldman, suggested the bank is unlikely to fully support crypto until such currencies have the backing of the U.S. government. ... Read full article

CEO Solomon says the bank has not yet begun discussions with DOJ about its role in the scandal; the $1 billion buyback would be its first in 20 years. ... Read full article

Expected to close this week, the deal would value the company at an amount similar to the $4.3 billion valuation of its 2017 funding round. ... Read full article

Built Technologies will use the money to invest in research and development while it builds out its client base. ... Read full article

The investments that Rana Yared's team makes in startups help Goldman Sachs in two ways: Besides earning a profit, the company also uses a lot of the technology the startups develop as part of its internal digital transformation. ... Read full article

There are important considerations for financial institutions to bear in mind as they build relationships with the likes of Apple and Google. ... Read full article

Banks say easing rules on people with some criminal records will diversify the applicant pool; deal with Synchrony may be near. ... Read full article

The bank has funded and deployed the company's software, which can be used to quickly bring new products to market and reduce the need for programmers and other expenses. ... Read full article

Citi, Goldman, BofA earnings rose despite flat revenues; benchmark would be based on rates set on the American Financial Exchange. ... Read full article

The investment platform, which is in the early stages of development, will be part of Marcus, the consumer bank Goldman launched in 2016. ... Read full article

scan ... Read full article