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Goldman wealth exec exits abruptly
Lisa Opoku, a Goldman partner, had been running the firm's family office for its top brass since last year.
Goldman Sachs, Morgan Stanley and others spend $1 billion on redundancies
More job cuts to come, meanwhile JPMorgan is hiring.
Goldman profit hit by real estate markdowns, dealmaking slump
The firm's earnings fell 58% during the second quarter, while its return on equity slid to 4% — the worst among top US banks.
Equities rally does not signal end of risk, warns Goldman Sachs
The bank's strategists say risk of recession, rates, and central bank surprises all remain elevated
More than just a number
Pay equity in the advisory industry might seem like a straightforward proposition. It isn’t.
Justice Department and SEC probe Goldman role in SVB
Regulators are looking at Goldman Sachs' role in Silicon Valley Bank's efforts to raise funds shortly before it collapsed in March.
Wall Street banks are using AI to rewire finance
Banks' interest is growing in the evolving technology of artificial intelligence and its likely impact on their business.
Goldman custody business gains steam with $1 billion add from Prime Capital
Goldman representatives say the custody operation is on track for success, but don't disclose details.
Goldman Sachs expands to Dallas, joining Wall Street’s latest move west
The number of finance and insurance jobs in Dallas has surged 33% in the past decade, more than double the national average.
Modern Wealth Management goes from zero to $1.5 billion with first deal
The private equity-backed aggregator launched by veterans of Goldman Sachs and United Capital has acquired Barber Financial Group, with $1.5 billion in assets.
Goldman grows asset and wealth management revenue, but misses expectations
The asset and wealth management group reported $3.2 billion in quarterly revenue, a 24% increase from the first quarter of 2022.
United Capital veterans launch RIA aggregator with big goals
Private equity-backed Modern Wealth Management aims to be a multibillion-dollar firm by year-end.
Goldman ordered to pay $3 million for mismarking ‘short’ sales as ‘long’
Finra's action was another by the broker-dealer self-regulator that targets a best-execution failure by a member firm.
Steward Partners finds balance by adding Pershing custody alongside Raymond James
The addition of breakaway Ensign Wealth Partners, a $500 million RIA, pushes Steward's total custodial assets on the Pershing platform to more than $1 billion.
Goldman hints at deeper consumer cuts during investor day
The bank cited its asset and wealth management business as the area offering the most significant growth opportunity.
Goldman CEO cites ‘tighter hiring plan’ for 2023
But Solomon cited improved sentiment among CEOs about the possibility of a 'softer economic landing.'
Joe Duran’s Goldman two-step: Exiting as partner, staying to consult
As a consultant, Duran will focus on Goldman’s effort to become a leading custodian to RIAs, working with the head of Goldman’s RIA offering, Padi Raphael.
United Advisor Group debuts as a new RIA aggregator
The independent registered investment advisor has partnered with Goldman Sachs Advisor Solutions for its custody services.
Goldman’s push into RIA custody gets going — finally
But it hasn't been all wins for the firm's efforts to compete in a market dominated by brokers like Charles Schwab Corp. and Fidelity.
BNY Mellon, Wall Street firms find the lure of crypto too strong to resist
Despite all that’s gone wrong in the industry, the world’s largest custodian bank and other financial giants are hoping to expand in crypto.
