Goldman Sachs

Trump tax cut drives $32 billion to America’s top banks

01/16/20

Savings for the top six U.S. banks from President Donald Trump's signature tax overhaul accelerated last year, now topping $32 billion as the lenders curbed new borrowing, pared jobs and ramped up payouts to shareholders.

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Morgan Stanley’s profit; China deal raises optimism for U.S. banks

01/16/20

Morgan Stanley’s profits rose 46%; the deal pressures China to open its financial services sector to U.S. firms.

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Goldman curtailed personal lending after launching Apple card

01/15/20

The New York bank said Wednesday that its first-ever credit card has brought in nearly $2 billion of loans in less than six months.

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Goldman’s $1 billion legal hit mars fixed-income trading rebound

01/15/20

Goldman Sachs Group Inc.’s comeback quarter for trading was marred by a $1.09 billion legal charge as the firm gets closer to a settlement of the 1MDB scandal.

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Will earnings season bring surprises?; Wells Fargo’s tech troubles

01/13/20

Profits at big banks are expected to be up versus a year ago but down from the third quarter; add antiquated systems to the bank’s many problems.

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Goldman’s small reveal on consumer unit; Warren proposes bankruptcy reform

01/08/20

Marcus and the Apple credit card accounted for 3% of the bank’s profit in the first three quarters of 2019, despite a multibillion-dollar investment in consumer operations; the senator’s plan would make it easier to expunge debt.

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Goldman goes transparent; Banks up to the challenge

01/07/20

Goldman Sachs plans to offer details into its workings to boost its stock value; while challenger banks are prospering, traditional banks still rule the roost.

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Goldman in settlement talks with DOJ; Congress members ask JPM about equality

12/20/19

The bank could pay about $2 billion to close the 1MDB case in the U.S.; in letters lawmakers ask Dimon about policies to combat racism.

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Forecast for bank stocks in 2020: Not so bad

12/19/19

The fresh optimism is starting to outweigh some of the worries hanging over the sector heading into the new year.

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Goldman’s green goal; Biggest U.K. banks ace stress test

12/17/19

The bank announced a $750 billion plan to “focus on climate transition and inclusive growth”; the seven biggest banks have passed three years in a row.

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