Banks are grappling with how to recruit young people into businesses like trade finance and cash management, which are increasingly important drivers of revenue but perceived to be un-sexy compared with investment banking and trading.
NEW YORK A Democratic U.S. senator is backing away from a proposed legislative tweak that would have helped big banks lessen their capital burden, according to a statement provided to Reuters on Monday.
NEW YORK, Dec 4 A Democratic U.S. senator wants
to free the biggest U.S. lenders from having to hold capital
against certain assets held at central banks, according to a
document viewed by Reuters and a person familiar with it.
WASHINGTON Wall Street banks and big regional lenders are scrambling to secure changes to a U.S. Senate bill easing rules on smaller banks ahead of a key lawmaker meeting next week, several bank lobbyists told Reuters.
NEW YORK Goldman Sachs Group Inc is trying to figure out how to cater to investors who want to trade bitcoin even though the digital currency remains too volatile for the Wall Street bank to trade itself, according to comments by a representative and its chief executive officer on Thursday.
NEW YORK A top U.S. bank regulator has been working to ensure that examiners on the ground have a lighter touch with institutions they scrutinize, but change will take more time, acting Comptroller of the Currency Keith Noreika said in an interview on Friday.
Having covered financial stocks at big and small banks for more than two decades, David Hilder was accustomed to the ebb and flow of Wall Street job cuts and hiring sprees.
Goldman Sachs Group Inc can hit $13 billion in new consumer loans in the next three years through its Marcus online lending business, Chief Financial Officer Marty Chavez said on Tuesday.
Little volatility and light client activity have kept fixed-income markets lackluster in the fourth quarter, with no improvement from the beginning of the year, Goldman Sachs Group Inc Chief Financial Officer Marty Chavez said on Tuesday.
Nov 14 Little volatility and light client
activity have kept fixed-income markets lackluster in the fourth
quarter, with no improvement from the beginning of the year,
Goldman Sachs Group Inc Chief Financial Officer Marty
Chavez said on Tuesday.