Goldman Sachs Group Inc. said it has appointed Jim O'Neill chairman of its $800 billion asset-management arm, a newly created role designed to leverage his "global perspective on world markets."

Proprietary traders within Goldman Sachs Group Inc.'s U.S. principal strategies equities unit are in talks to join other firms, according to a person familiar with the situation.

Goldman Sachs Group Inc. has agreed to a fine of nearly 20 million pounds ($30.7 million) as part of an investigation by the U.K.'s Financial Services Authority that began shortly after U.S. regulators accused the firm in April of fraud.

Readers react to the Federal Housing Finance Agency considering changing its credit scoring policy, slam the possibility of enforcing mandatory penalties for data breaches at credit reporting agencies, weigh the possible nomination of a credit union regulator to the CFPB, and more.

Adolfo Marzol, an official at the Department of Housing and Urban Development, is optimistic that technological improvements and other changes can help draw Federal Housing Administration lenders back to the fold.

Housing finance reform proposals could make it challenging for community banks and credit unions to serve rural mortgage markets, according to a report issued Wednesday by Brookings and the Center for Responsible Lending.

The pandemic may have served as a catalyst for rapid growth in contactless payments through wearable devices. It’s the combination of form and function, however, that will push wearable payments into further growth in 2021 and beyond, says Zeta's Bhavin Turakhia.

The events of 2020 fueled new customer expectations, accelerated digital transformation and allowed B2B companies to react and deliver. But customers’ changing expectations are not going to disappear, says MSTS' Brandon Spear.

The next administration must halt the practice of allowing new entrants into the banking system to forgo a full Community Reinvestment Act exam.