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Finance

Goldman's fledgling consumer bank draws questions from curious analysts

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As Goldman Sachs Group Inc has unveiled more details about its strategy and financial targets to satisfy investor demands, Wall Street's attention has turned to a business so small and new that there may not be much to disclose.

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Top Credit Suisse investor says activist plan needs be looked into: FT 1:58am EDT

ZURICH Credit Suisse's largest shareholder wants the bank's management to consider parts of the break-up plan proposed by an activist investor, including shifting the group's investment banking unit to the United States from Switzerland, the Financial Times reported on Wednesday.

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Exclusive: Banco Sabadell mulls moving top management from Catalonia Oct 17 2017

MADRID Banco Sabadell is considering moving some of its top management from Catalonia to Madrid, a source close to the board said on Tuesday, in a first sign that a short-term business exodus from the restive region may become more permanent.

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Wall Street banks look beyond trading to drive profits Oct 17 2017

NEW YORK Wall Street rivals Goldman Sachs Group Inc and Morgan Stanley topped analyst expectations on Tuesday, reporting third-quarter earnings gains from a range of products and services despite an industry-wide decline in bond trading. | Video

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Goldman results top Wall Street view on smaller drop in bond trading Oct 17 2017

Goldman Sachs Group Inc beat Wall Street estimates on a smaller-than-expected revenue decline at its struggling bond trading unit, gains in its private equity investments and higher fees from dealmaking.

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Goldman offers buyback, dividend details for first time Oct 17 2017

NEW YORK Goldman Sachs Group Inc offered investors a window into its capital plans for the first time, detailing the bank's regulatory allowances for buybacks and dividends on Tuesday.

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Morgan Stanley smashes estimates on strength in wealth management Oct 17 2017

Morgan Stanley posted a much higher-than-expected quarterly profit on Tuesday as record revenue from its wealth management business helped offset the blow from a slump in trading activity.

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Activist investor RBR launching campaign to break up Credit Suisse: FT Oct 16 2017

Activist investor RBR Capital Advisors is launching a campaign for breaking up Swiss bank Credit Suisse Group AG into three parts, the Financial Times reported on Monday.

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Wells Fargo brokerage to return $3.4 million for risky products Oct 16 2017

NEW YORK A brokerage industry regulator on Monday ordered Wells Fargo & Co to return $3.4 million to customers after selling them inappropriate investment products, the latest sign that a culture of problematic sales practices has bled into areas outside its consumer bank.

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California extends ban on Wells Fargo business for at least another year Oct 16 2017

California will extend sanctions against Wells Fargo & Co for at least another year, Treasurer John Chiang said on Monday, after the state suspended doing business with the bank in 2016 as punishment for a sales practices scandal.