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Late payments, which have been on a steady rise since 2021, are now climbing at a slower rate or even declining at some major card issuers. Risks remain, but there's 'reason to be cautiously optimistic," one analyst said.

NEW YORK (Reuters) - The uncertain trajectory of interest rates is making it hard for U.S. banks to forecast profits and leading some to adopt a cautious stance for the remainder of the year. Banks have reaped high profits in recent quarters as the...

Goldman Sachs was urged to separate its CEO and chairman roles held by David Solomon to improve its corporate governance, according to two influential proxy advisers this week.

Rising loan losses, growing expenses eating into banks' bottom lines

Rising loan losses, growing expenses eating into banks' bottom lines

What could amplify the slowdown is more restrictive bank lending

The Spanish banking giant is doubling down on its U.S. operations, unlike other foreign-owned banks that have abandoned efforts to reach American consumers. It's doing so partly by better integrating its large auto lending business with its retail bank.

While Goldman Sachs is still pushing to make its expansion into consumer lending profitable, the bank is also weighing strategic alternatives, CEO David Solomon says. The dueling options reflect the problems that Wall Street giant faces in Main Street banking.

“Sometimes we fall short. Sometimes we don’t execute,” Goldman’s boss David Solomon told investors at the company’s New York headquarters.

The Federal Reserve wants to see how banks are preparing for climate change. But critics have questioned whether its plan will yield much information.