Oil Prices Fall As Analysts Say Market Still Oversupplied
Analysts said the falls were a result of a price rally which lifted crude by over 20 percent between the beginning of this month and late last week.
Goldman Faces Fresh Query Over Dealings With 1MDB
New York’s financial regulator is seeking trading records and research documents from the Wall Street firm over its bond dealings with the Malaysian fund.
Goldman's Profit Jumps As Bond Trading Revenue Rises
The bank, like other Wall Street firms, has been focusing on cutting costs amid concerns about slowing growth.
Goldman, Morgan Stanley Deny Plans For Post-Brexit Relocation
“We have not made any changes to our real estate requirements in Frankfurt as a result of the referendum result,” Goldman said in a statement.
Goldman, Bank Of America Cut Sterling Forecasts
After the biggest daily fall in the pound in modern history Friday, both U.S. banks were forced to slash their forecasts for the rest of 2016.
Wall Street Futures Lower On Brexit Concerns
U.S. stock index futures eased slightly in early trading on Sunday after Britain’s vote to leave the European Union sparked a sharp sell-off in global markets on Friday
Is Surveillance Silencing Wall Street’s Would-Be Whistleblowers?
Software programs that big banks and financial firms use to monitor employees for legal breaches may also uncover attempts to report suspected wrongdoing.
Choose Words Carefully: Goldman Is Reading
Certain words and phrases in employee emails will trigger a review from Goldman Sachs’ compliance department, a newly obtained list from 2008 shows.
Who Will Win Euro 2016? Artificial Intelligence May Know
Some people are leveraging AI to try to predict the winner of the quadrennial soccer tournament — before a single ball has been kicked.
Goldman Probed Over Malaysia’s 1MDB Scandal
Investigators said the investment bank may have had reason to doubt that the money from dealings with the fund was not used for its planned purpose.
Oil Prices Hit Highest Levels This Year
U.S. crude surged Monday amid production disruptions in Canada and Nigeria and fears of a supply shortfall.
Oil Market ‘Rebalancing’ Has Begun: Goldman Sachs
Analysts from the bank said that the oil market had likely shifted into deficit in May, as sustained demand and unexpected disruptions in production offset output growth in Iran and Iraq.
No Bombshell In Trump Tax Returns, Spokesman Says
Chief campaign strategist Paul Manafort says Donald Trump still is planning to release his returns once an IRS audit is complete.
Earnings Plunge, But Don’t Worry
Corporate America just saw its worst quarterly profit drop since the financial crisis. But here’s why analysts remain optimistic.
US Stocks Notch Biggest Gain In Two Months
Shares of Amazon hit a record high Tuesday, providing the biggest boost on the S&P 500 and the Nasdaq indexes.
More Layoffs Hit Goldman Sachs
Cuts in the trading and sales division come as the investment bank led by CEO Lloyd Blankfein grapples with a changing banking landscape.
Should You Bank With Goldman Sachs?
Parking your cash at the prestigious — and often criticized — investment bank might be a smart move. Here’s why.
A Wall Street Rally Without Bulls
Even as stocks pushed toward new heights in the past week, fewer big money managers considered themselves bullish on the course of the market.
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What’s Behind The Stock Market Rally
The market is inching toward record highs, even as economic data remain soft and corporate earnings are set to decline.
Goldman Faces Range Of Headwinds
Reporting a steep earnings drop for the first quarter, financial giant Goldman Sachs is feeling the pain in its investment banking and trading divisions.
Goldman’s Profit Slumps Again
The financial giant reported declining profit for the fourth straight quarter as market volatility hit its bond-trading and investment banking businesses.
Goldman Sachs Q1 Profit, Revenue Likely To Fall
Much like its peers, Goldman’s investment banking unit has been hurt by the near-simultaneous decline in bonds, stocks and oil prices, and low interest rates in the U.S.
Goldman Sachs Set For Deepest Cuts In Years
The company has already started trimming its operations, and is increasingly rejecting bankers’ spending on travel, hotels and entertainment, Bloomberg reported.
JPMorgan Quarterly Profit Falls 6.7%
The bank’s net income fell to $5.52 billion in the first quarter ended March 31, from $5.91 billion a year earlier.
Goldman’s $1 Billion In Fine Print
This week’s settlement over mortgage-era misdeeds is supposed to penalize Goldman Sachs to the tune of $5.1 billion. The actual cost may be closer to $4 billion.
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