[ad_1] Apple is pulling the plug on its credit-card partnership with Goldman Sachs, the final nail in the coffin of the Wall Street bank’s bid to expand into consumer lending. …
Tag: dealing
American Borrowers Are Getting Closer to Maxing Out
[ad_1] A happy holiday shopping season might not end up being an especially cheery time for lenders. Card loans are still growing, on average rising 1.6% in October over September…
Hundreds Convicted as Italy’s Largest Mafia Trial in Decades Ends
[ad_1] Nov. 20, 2023 11:34 am ET Italy’s largest mafia trial in decades concluded Monday with the conviction of more than 200 people accused of being part of, or collaborating…
Households dealing with ‘peak’ pain from interest rates, says Bank of England official
[ad_1] Thanks for joining me. Retail sales suffered an unexpected decline in sales in October, official figures showed, in a sign that the economy is slowing down. Sales volumes were…
WSJ News Exclusive | Fed Probes Morgan Stanley’s International Wealth-Management Practices
[ad_1] Morgan Stanley’s wealth-management arm is being scrutinized by the Federal Reserve, which is looking into whether the bank has sufficient controls in place to prevent rich foreign customers from…
Robinhood No Longer Looks Like a Steal
[ad_1] Robinhood Markets may be building the brokerage of the future—and maybe it always will be. Shares of the online brokerage are down nearly 15% after its third-quarter earnings report…
WSJ News Exclusive | Goldman Moves to Unload GM Credit Card
[ad_1] Updated Nov. 7, 2023 5:44 pm ET Goldman Sachs plans to begin a process to unload its General Motors credit-card program in another step away from its failed foray…
Wall Street CEOs Flocked to Hong Kong—and Kept Quiet on China
[ad_1] HONG KONG—When some of Wall Street’s most powerful executives assembled in Hong Kong this week, one topic was noticeable by its absence: China. The chief executives of U.S. banks…
Charles Schwab’s Rocky Year in Five Charts
[ad_1] Listen to article (1 minute) Even the top executives at Charles Schwab will admit 2023 has been a trying year. The largest publicly traded U.S. brokerage just laid off…