|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's Range||11.40 - 11.40|
|52 Week Range||10.80 - 14.50|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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(Bloomberg) -- Australia’s economy slowed more than expected last quarter as aggressive policy tightening weighed on household spending and construction, while accelerating labor costs underlined the nation’s inflation challenge.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseDam Destroyed in the Dead of Night Upstages Ukrai
Deposits rose recently at Ally, Goldman Sachs’s Marcus and Capital One, banks that either don’t have branch networks or have far fewer branches than peers.
Two of the banking industry's top executives discussed the slowdown they expect to see this year on Wall Street.
Romi Savova left her job in investment banking in 2014 with a plan to simplify pension savings in the UK.
The new cuts at the Wall Street giant amount to roughly 250 positions, following two previous rounds of layoffs.
Major Wall Street banks are signaling a weak quarter for their trading businesses. At an industry conference this week, they telegraphed that markets calmed in the second-quarter compared with the topsy-turvy markets a year ago, leading to cooldown in both fixed income and equities. "Our clients are kind of sitting a bit more in their hands right now," said John Waldron, the bank's chief operating officer, on Thursday.
Some customers with Apple savings accounts, which are a partnership with Goldman Sachs, say it has taken weeks to withdraw money.
U.S. businesses in sectors ranging from manufacturing to technology are recalibrating after a period of rapid growth.
The financial giant is readying cuts that will impact a range of employees, including managing directors and other senior executives, people familiar with the matter said.
The Wall Street veteran is set to assume the newly created roles of vice chairman and president of global client services at BDT & MSD Partners, a merchant bank run by former Goldman bankers.
(Bloomberg) -- More disappointing inflation news could help to persuade Federal Reserve policymakers to raise interest rates again, giving ammunition to hawks who argue there’s more work needed to restore price stability.Most Read from BloombergBiden, McCarthy Forge Debt-Limit Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Econ
(Bloomberg) -- Copper fell below $8,000 a ton for the first time in six months as investors cool on the prospects for a robust economic recovery in China this year.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofLula Lashes Out and Sends Warning to Central Bankers EverywhereMcCarthy, Graves Signal Impasse in White House
DirectBooks announced today that BMO Capital Markets, Blaylock Van, and American Veterans Group have joined the platform. These recent additions increase the total number of underwriters on DirectBooks to 31, including 5 diversity underwriting firms, and complements a community of more than 375 institutional investors. The core offering now consists of Investment Grade, Emerging Markets, High Yield, and Sovereigns, Supranationals & Agencies (SSAs) issuances across USD, EUR and GBP markets.
(Bloomberg) -- President Joe Biden and Republican House Speaker Kevin McCarthy will meet at 5:30 pm Monday at the White House for talks on averting a catastrophic US default as time runs short and key differences remain.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a Week
Succeeding a star chief executive can always be tough. In the case of Morgan Stanley it could be doubly so. In the wake of his announcement Friday that he will retire as chief executive within the year, James Gorman has rightly received plaudits for his highly successful tenure at the Wall Street institution.
He transformed the Wall Street bank into a leading wealth-management institution after the firm barely survived the 2008 financial crisis due to its risk taking.
Sara Naison-Tarajano, Goldman Sachs Global Head of Private Wealth Management Capital Markets, joins Yahoo Finance Live to discuss where Goldman Sachs family offices are investing according to a survey, cryptocurrency investments, and the company's outlook based on investment trends.
(Bloomberg) -- Turkey’s markets slid as the nation heads for a runoff election, with stronger-than-expected support for President Recep Tayyip Erdogan wrong footing investors who were betting on a quick end to his unconventional economic policies.Most Read from BloombergMichael Burry Doubles Alibaba Stake in Big Bet on China TechA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan F
The European Central Bank on Monday fined the European unit of Goldman Sachs 6.6 million euros, or around $7.2 million, for credit-risk reporting errors. The bank under-reported the credit risk associated with its risk-weighted assets for eight straight quarters between 2019 and 2021, the ECB said. The error was the result of Goldman Sachs Europe misclassifying corporate exposures and applying a lower risk weight.
Goldman Sachs recently hosted top CEOs and leaders of the industrial sector for their Industrials and Materials Conference. Yahoo Finance was there to gather exclusive insights from the most influential companies in the space, including RXO (RXO), Clean Harbors (CLH), and Johnson Controls (JCI). Yahoo Finance's Seana Smith breaks down her top three takeaways. Key video moments: 00:00:19 artificial intelligence 00:00:51 bullish on economy 00:01:16 labor shortage
(Bloomberg) -- US long-term inflation expectations unexpectedly accelerated in early May to a 12-year high and consumer sentiment soured, reflecting growing concerns about the economic outlook.Most Read from BloombergThis New Airline Is Raising the Bar, From First Class to EconomyYellen Says ‘We Have to Default’ on Something If Congress FailsTesla Recalls Virtually Every Car It Has Sold in ChinaFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoElon Musk Picks Linda Yacca
The comments from Federal Reserve Governor Chris Waller come as the central bank tests the resilience of banks under different climate scenarios.
Yahoo Finance Live’s Seana Smith discusses key takeaways from Goldman Sachs’ Industrial & Materials Conference happening in N.Y.
Yahoo Finance Live’s Diane King Hall reports that Goldman Sachs has settled its gender discrimination lawsuit.
TCW Group CEO Katie Koch thinks sentiment in the banking industry is riding a little too high right now as regional banks stumble.