Goldman Sachs Sees Losses From Consumer Push Exceeding $1.2B
Goldman’s pursuit of the masses is an attempt to find new income streams away from its core businesses of trading and banking.
Source: wealthmanagement.com
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Goldman Sachs sees losses from consumer push exceeding $1.2 billion this year
When Goldman Sachs executives set out to woo investors in early 2020, they offered a promising outlook for their novelty Main Street business. The unit would go from a money-suck to break-even in 2022. It isn’t quite working out that way.
Source: americanbanker.com
Brockton Local Lost Boyz: Devin Ryan starts clothing brand
"We're all a little lost," said Devin Ryan, whose edgy clothing brand was born of his struggle with depression and his mental health.
Source: enterprisenews.com
Crypto Exchange FTX Quietly Shops for Brokerage Start-Ups Amid Move Into Stock Trading, Sources Say
FTX has been on the hunt to buy brokerage start-ups as the crypto exchange moves into stock trading and its CEO takes a stake in Robinhood, sources say.
Source: necn.com
Brokerage Industry Looks for Alternatives to Payment for Order Flow Amid SEC's Threatened Crackdown
The brokerage industry is exploring alternatives to payment for order flow as SEC chair Gary Gensler takes aim at the practice.
Source: nbcconnecticut.com