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Goldman Sachs' board supports CEO David Solomon's focus on its core Wall Street businesses and asset management, according to two sources close to Solomon. The executive is tasked with...
(Reuters) - At $25 trillion, the U.S. Treasury market is massive. And yet, small independent broker-dealers say they are running out of room to operate there.
(Reuters) - Friday kicks off a week or more of earnings reports from U.S. banks covering the April-through-June period, the first full quarter of operations for the nation's lenders following the collapse of Silicon Valley Bank in mid-March.
JPMorgan's profit up on interest income boost from First Republic deal
In a frenzy unseen since the birth of social media in the early 2000s, investors are pouring billions into generative AI and fueling a startup boom in San Francisco. But the rapid growth of the artificial-intelligence business may not be a panacea for the city's economic and commercial real-estate woes, according to a dozen tech industry professionals interviewed by Reuters. Unlike past tech booms that have touched San Francisco, the generative AI craze brings fewer jobs, because AI firms excel at staying lean and automating work.