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The bank missed expectations although profit rose 67%; with the California Democrat leading the House Financial Services Committee, deregulation could slow.
By George YacikJanuary 15 -
Trading revenue for banks is expected to be flat; the bank plans high deposit rates to lure corporate customers.
By George YacikJanuary 14 -
Some big investors think the recent selloff in bank stocks is overdone; despite new ways to pay, credit cards still dominate.
By George YacikJanuary 11 -
Housing and auto sales are just the first sectors to feel pain from rising rates; BlackRock may have identified its next CEO.
By George YacikJanuary 10 -
The unit is under investigation by federal agencies for misrepresenting pricing; investment bankers are looking at a possible 15-20% drop in bonus money.
By George YacikJanuary 9 -
4.5% rates could trigger more homebuying and refinances; Sherborne Investors wants a seat on the bank’s board so it can facilitate change.
By George YacikJanuary 8 -
Linda Lacewell replaces Maria Vullo as New York’s chief financial regulator; the Swiss bank is reportedly talking to Christian Meissner about a senior role.
By George YacikJanuary 7 -
The accounts — which eschew paper checks and overdraft protection — appeal beyond the low-income customers they were intended for; lenders are embracing artificial intelligence systems to analyze more data to determine creditworthiness.
By George YacikJanuary 4 -
Facebook’s WhatsApp unit has been testing its payments app in India since May; investors price in an almost a 90% probability of no Fed hikes this year.
By George YacikJanuary 3 -
The industry has largely avoided added federal oversight after the Equifax hack; the product has created a “financial albatross” as consumers game the system.
By George YacikJanuary 2 -
Regulators give OK, but find “shortcomings” that need to be addressed; Labor Department says the bank is laying off U.S. workers while hiring overseas.
By George YacikDecember 21 -
The NYSE contract will pay out in cryptocurrency; 10 Estonians who worked at the Danish bank were detained, and prosecutors promise more arrests.
By George YacikDecember 20 -
Bank hit, but CEO Jes Staley escapes NYS fine for trying to unmask a whistleblower; Malaysia will pursue criminal complaints against Goldman in other countries.
By George YacikDecember 19 -
The bank’s efforts to show its ethical side may be “undone” by Malaysian scandal; airlines co-branded cards helping profits … for now.
By George YacikDecember 18 -
Malaysia files criminal charges against Goldman Sachs over 1MDB; Wall Street banks hit by market volatility while small banks face margin compression.
By George YacikDecember 17 -
Two U.S. senators demand an investigation into the German bank over security, criminal risks; the Treasury has proposed rules to help foreign banks deal with last year’s tax law.
By George YacikDecember 14 -
The two agencies seek to end the acrimony with the companies they regulate; the government is trying to make it easier for the wounded Deutsche Bank to merge with rival Commerzbank.
By George YacikDecember 13 -
A CFPB report says the bank is the most expensive bank for college students; lenders would be banned from mailing high-interest loans disguised as checks.
By George YacikDecember 12 -
Expected weaker fundamentals, stock buybacks and higher interest rates all to blame; firms are downsizing as bitcoin prices crash.
By George YacikDecember 11 -
Loans to house flippers dropped 11% in the third quarter, indicating "possible turbulence;" the German bank may have allowed some clients to claim tax credits on stock they didn't own.
By George YacikDecember 10


















