Goldman Sachs, Pulling Back From Consumer Lending, Posts 33% Profit Drop

[ad_1] Updated Oct. 17, 2023 10:16 am ET Goldman Sachs reported lower profit for the third quarter, hurt by losses from selling off pieces of its consumer-lending business and a…

JPMorgan’s Jamie Dimon: ‘This May Be the Most Dangerous Time the World Has Seen in Decades’

[ad_1] The bank said its third-quarter profit rose 35%, boosted again by rising interest rates.  [ad_2] Source link

Partners Capital’s Investment Chief Still Sees Promise in Newer Fund Managers

[ad_1] With fundraising tight, Partners sees more disciplined, stronger startups making for better investment prospects. [ad_2] Source link

A New Interest-Rate Regime Has Begun. These Are the Market’s Winners and Losers.

[ad_1] Bond prices, the Magnificent Seven and emerging markets are under pressure. [ad_2] Source link

WSJ News Exclusive | Goldman’s Pitch to Rich Clients: Hey, Buy a Piece of This Sports Team!

[ad_1] The bank is preparing to offer more access to a unique investment: the chance to own a piece of a private sports team. [ad_2] Source link

Lazard’s New CEO Peter Orszag Wants to Double Revenue by 2030

[ad_1] Peter Orszag, who will take over as CEO next month, detailed how he plans to revive the investment bank’s fortunes. [ad_2] Source link

China’s Economy Shows Fresh Weakness in Factories, Housing and Consumer Spending

[ad_1] The latest data from business surveys will heap further pressure on policy makers to revive the country’s crumbling growth. [ad_2] Source link

Who Wins When a Bank Fails? Wine Guy Frank Martell

[ad_1] His company scooped up wine that the government seized when it took over Silicon Valley Bank and First Republic. [ad_2] Source link

Italy Treads Fine Line as It Tries to Introduce Windfall Bank Tax

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Jefferies Signals Green Shoots in Wall Street’s Investment Banking Lull

[ad_1] Some positive signs at the independent investment bank might herald a better-than-feared quarter for its megabank competitors. [ad_2] Source link