Page 2 - Mark Narron News Today

The Wall Street giant plans to divest its positions over the next few years and replace some of those funds on its balance sheet with outside capital.

Goldman Sachs Group Incs asset management arm will significantly reduce the $59 billion of alternative investments that weighed on the banks earnings, an executive told Reuters.

Goldman Sachs Group Incs strategy pivot has solved one problem for investors who didnt love its foray into consumer banking.

Rather than trying to reach the masses, which proved to be expensive, Goldman is focusing on marketing its online banking platform to its existing pool of wealth management clients. The investment bank has learned that it's "better to play to our strengths," CEO David Solomon said Tuesday.

Canada’s big banks are starting to get nervous about the legal and reputational risks stemming from commitments made to global climate-related coalitions.

The rating agency has revised the long-term issuer default rating for PacWest Bancorp and its banking subsidiary, Pacific Western Bank, from "BBB" to "BBB-" and says it doesn't expect the bank's common equity Tier 1 ratio to bounce back anytime soon.

The rating agency has revised the long-term issuer default rating for PacWest Bancorp and its banking subsidiary, Pacific Western Bank, from "BBB" to "BBB-" and says it doesn't expect the bank's common equity Tier 1 ratio to bounce back anytime soon.

The sector faces cross-currents and several risks to growth

The sector faces cross-currents and several risks to growth

Print this article European Central Bank President Christine Lagarde addresses an event to launch the private finance agenda of the 2020 United Nations Climate Change Conference in London, England, February 27, 2020. (Tolga Akmen/Pool via Reuters) I felt spoiled for choice when it came to a topic with which to preface this week’s Capital Letter. Dogecoin went quite a long way toward the moon, the U.N.’s secretary-general has pushed for a “solidarity” or wealth tax,...