How have the cultures and policies of megabanks such as Bank of America and CitiGroup changed since the financial crisis? Hear what the CEOs of eight of the largest U.S. banks had to say before the House Financial Services Committee.
Read More »A Housing Market Update
The latest data on employment, Fannie Mae’s third-quarter results and Goldman Sachs’ mortgage settlement target are making the news. Here’s how these three seemingly disparate events are affecting the housing market.
Read More »Blankfein: ‘I’ve Never Been More Optimistic’
Solomon succeeds Lloyd Blankfein, one of the longest-serving Wall Street CEOs. Solomon, the bank's current president, will take over as CEO on October 1 and add the chairman title at the start of next year.
Read More »Goldman Sachs Q1 Results Don’t Meet Expectations
Goldman Sachs released its earnings from Q1 2017. Overall, the bank reported revenues of $8.03 billion, and net earnings of $2.26 billion at the end of the quarter on March 31. However, the bank still failed to meet Wall Street expectations. Thomson Reuters had predicted Goldman Sachs share value to be $5.31 a share, and the actual value was $5.15 a share.
Read More »Goldman Sachs Profits: A Tale of Two Quarters
The first and second quarters of 2016 told two different stories for Goldman Sachs as far as earnings and overall business operations.
Read More »Goldman Sachs’ Profits Suffer a Huge Blow
Investment banking firm, Goldman Sachs, is the latest financial firm to have its profits take a turn for the worse, following plummeting incomes reported from JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, and PNC.
Read More »Goldman Sachs Pays Big to Settle Fraud Claims
Goldman Sachs finalized a settlement announced earlier this year, stating that it has agreed to settle federal and state investigations probes concerning the sale of toxic residential mortgage-backed securities in the time leading up to the financial crisis.
Read More »Goldman Sachs’ Earnings Suffer the Aftershocks of RMBS Settlement
The firm's recent multi-billion dollar settlement to resolve claims of mortgage-backed securities fraud put a huge dent in their profits for the fourth quarter.
Read More »Goldman Sachs Settles Toxic RMBS Claims
The investment banking firm is the latest on a list of banks to agree to settle federal and state investigations probes for allegedly selling bad RMBS in the time period leading up to the financial crisis.
Read More »CitiGroup & U.S. Bancorp Report Profitable Q3 Results; Goldman Sachs Falls Short
Citigroup Inc., experienced a substantially profitable third quarter and U.S. Bancorp's earnings marginally increased, while Goldman Sachs fell short of expectations.
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