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Morgan Stanley fines bankers over $1 million each for using unapproved messaging platforms
The firm is the latest bank to require individual staff to bear some of the burden of an unprecedented regulatory investigation.
SEC proposes new conflicts-of-interest rule aimed at certain securitizations
SEC Chair Gary Gensler called the measure an 'unfinished step in Congress’s vision for financial reform' following the 2008 financial crisis.
George Santos, Wall Street and Washington
Since the credit crisis, investment frauds have proliferated in ways most Wall Street executives and financial advisors in 2008 never would have foreseen.
Lower revenue from asset and wealth management hurts Goldman earnings
The losses, which led to the bank's largest earnings miss in a decade, reflected a major slide in revenue from equity investments, Goldman said.
How caregiving costs women their retirement security
What women need is richer context about the implications of financial decisions and what they are truly trading.
Goldman’s Joe Duran reveals roots of money life on Goop
In an episode of the lifestyle podcast, the head of Goldman Sachs Personal Financial Management listed some tenets of financial advice he's used in his career and talked about ways his life has informed his work with money.
Handicapping sequence risk and recession for the retirement set
There will be a lot of recession chatter in the coming year and financial advisors had better be prepared for it.
Goldman weighs cutting up to 4,000 jobs
CEO David Solomon is battling to contain a slump in profit and revenue after a costly expansion into consumer bank resulted in deep losses.
Women behind schedule when it comes to retirement savings, study shows
A Goldman Sachs report shows that more women than men believe they're behind schedule on saving for retirement, with nearly a quarter of women saying they were 'very' behind schedule.
Morgan Stanley cutting workforce while Goldman warns of job cuts
As the U.S. braces for a recession, Morgan Stanley is reducing its global head count.
Goldman Sachs to pay $4 million SEC penalty in ESG fund case
The regulator claims Goldman's asset management unit failed to properly weigh environmental, social and governance factors in some investment products.
Goldman plans major reorganization
The firm will combine its asset management and private wealth businesses, and also fuse investment banking and trading.
Morgan Stanley CEO hints at job cuts
The firm is assessing its head count, CEO James Gorman suggested on an earnings conference call.
Inflation roiling retirees, especially boomers, says Goldman survey
A mere 7% of retirees stopped working because their savings were sufficient to fund their retirement, according to the report.
Fintech Bytes: InvestCloud updates NaviPlan, Goldman completes NextCapital deal
For your Labor Day weekend reading, here are some fintech updates from the past week.
JPMorgan strategist stands out with call for stocks rebound
JPMorgan's Marko Kolanovic expects a rebound in stocks on attractive valuations and as the peak in investor bearishness has likely passed.
The message is compliance
The substantial fines hitting big banks for failing to meet messaging-retention requirements shows the need for direction from the top to ensure the use of monitoring systems.
Morgan Stanley, Goldman strategists see more stock market losses
Societe Generale's Manish Kabra sees S&P 500 sinking 30% in 1970s style stagflation.
SEC’s Goldman, BNY moves hint at more ESG investigations
The latest developments follow notices the agency released last year around ESG enforcement.
Goldman faces SEC probe of ESG funds
The agency is reportedly looking into whether some of the investments for mutual funds offered by Goldman's asset management unit are in breach of ESG metrics promised in the marketing materials.
