Bad debt and high interest rates set to drag on US banks’ earnings January 8, 2024 Lenders are rebounding from share price dips in October as the US economy shows signs of resilience and the central bank pencils in multiple rate cuts this year.
Why Goldman Sachs predict ‘earlier and more aggressive’ interest rate cuts from central banks December 18, 2023 Goldman Sachs expects "earlier and more aggressive rate cuts" from central banks after a significant fall in inflation over recent months.
Goldman Sachs boss David Solomon remains ‘passionate’ about making music, but DJ hobby became a ‘distraction’ November 28, 2023 Goldman Sachs chief executive David Solomon has said that he retired his high-profile DJ hobby because it was becoming a “distraction” from his leadership of the US investment bank.
Boost for Britain as businesses commit to invest £30bn in UK November 27, 2023 Some of the world’s biggest businesses have committed to invest a total of nearly £30bn in Britain, the government has announced ahead of a major investment summit taking place today.
Goldman Sachs says US soft landing not guaranteed November 8, 2023 Goldman Sachs said diversification and risk management is going to be “critical” in 2024 as it encouraged investors to “expect the unexpected” next year.
US banks flag concerns over commercial real estate as debt distress reaches highest level in a decade October 19, 2023 The largest lenders in the US have been building their loss provisions in case loans to the commercial real estate sector turn sour over the coming months.
Goldman profit down over a third as boss David Solomon hopes for ‘recovery’ in dealmaking October 17, 2023 Investment banking fees climbed one per cent thanks to an improvement in revenue from debt and equity underwriting.
Goldman boss David Solomon retires high-profile DJ persona October 17, 2023 The Goldman boss, 61, decided to stop DJing a year ago and has not appeared at a notable event since Lollapalooza in Chicago last July.
Goldman, JP Morgan and Bank of America hit with fines for swap reporting failures September 30, 2023 The US Commodity Futures Trading Commission (CFTC) on Friday ordered Goldman Sachs, Bank of America and JP Morgan to pay a total of over $50m to settle charges of swap reporting failures and other violations, the agency said.
Goldman: Bank will likely hold rates after UK inflation surprise September 20, 2023 Goldman Sachs now expects the Bank of England to leave rates on hold tomorrow after this morning's surprise inflation reading.