Displaying 415 results
RIA M&A surges back in the third quarter: Report
The marketplace for registered investment advisors saw 'a rebound to levels of deal activity not seen since early 2022,' according to Echelon Partners.
Goldman exec cites ‘circular economy’ stocks as way to duck hedge fund ESG attacks
Investors are looking beyond conventional renewables as profit margins get battered by inflation and supply chain bottlenecks.
US retirement outlook has improved, but there’s a problem
Despite more Americans saving larger amounts for their retirement, goals may be upended.
Can Goldman Sachs and Citigroup catch up on hiring advisors?
Both banks have recently signaled their interest in bolstering their wealth management operations, but they can't snap their fingers and conjure financial advisors from thin air.
Goldman realigns business units as Q3 beats estimates
The firm reported net revenue of $11.98 billion and net earnings of $3.07 billion for the third quarter amid discussion of the bank's reorganization.
Wall Street banks hire WhatsApp cops after being hit with big fines
In court documents, the SEC described at least a few senior managers at each firm who engaged in rampant texting with colleagues and clients.
Wall Street firms hit with $2 billion in fines in WhatsApp probe
The penalties levied against firms including Citigroup, Bank of America and Goldman Sachs constitute the largest-ever penalties against US banks for record-keeping lapses.
Goldman, Morgan Stanley move to return employees to office by easing Covid rules
The two investment banks both told staff that they will lift some of their remaining Covid-19 mitigation efforts after the Labor Day weekend.
JPMorgan will cover employees’ abortion-travel costs starting next month
Benefit will go into effect July 1 at JPMorgan, Goldman Sachs and Bank of America.
Goldman’s Waldron warns of unprecedented economic shocks
Echoing remarks earlier this week by JPMorgan's Jamie Dimon, Goldman's president cited 'tougher economic times ahead.'
Smarsh acquires tech to help firms monitor messaging apps
The Telemessage technology, combined with existing services from Smarsh, will assist in the ongoing struggle to monitor private messaging apps used by employees at financial services firms.
Goldman is pulling out of most SPACs over threat of liability
The firm, which was the second-biggest underwriter of special purpose acquisition companies last year, has been telling sponsors of the vehicles it will end its involvement, sources said.
Goldman Sachs to acquire retirement plan robo NextCapital
The company's asset management unit already supervises a total of $350 billion in assets in defined-benefit and defined-contribution accounts and will utilize the acquisition to provide new digital tools to customers.
Messaging apps take on Wall Street
The latest apps like WhatsApp and emailing platforms like Gmail are beginning to play an oversized role in adviser communications, a trend that could increase as more clients choose to communicate via their smartphones.
Morgan Stanley CEO says workers staying despite office push
CEO James Gorman says the firm has seen relatively few departures in the wake of the pandemic. In contrast, he says the bank received about 500,000 job applications last year.
Bonuses rain on Wall Street bankers as pay packages swell
It’s a long-awaited moment for a generation of rising executives who’ve spent years missing out on the riches reaped by those before them.
Goldman, Citi strategists say it’s now time to buy stocks
'Any further significant weakness at the index level should be seen as a buying opportunity, in our view,' Goldman strategists say.
Higher payouts mar record year at Goldman Sachs
The investment bank shelled out an additional $4.4 billion in comp last year alone, for a total of more than $17.7 billion for the year, sending the bank to its only quarterly profit decline of 2021.
Goldman backtracks on return-to-office as omicron surges
Other banks that have revised their staffing strategies and eased off mandates to return to the office amid the jump in infections include JPMorgan, Citibank, Bank of America and Jefferies.
Goldman Sachs adds employee benefits to fight burnout
The firm is boosting its matching contributions to retirement accounts for U.S. workers and eliminating the one-year waiting period for contributions for new joiners.
