WASHINGTON - (03/10/05) -- The Senate delayed a final vote onthe bankruptcy reform bill until Thursday while they debated onemore amendment that would prevent an investment adviser for acompany from representing the same company after it files forbankruptcy, because of potential conflicts of interest. Senateleaders were discussing last night whether the proposal would beacceptable to the House, which is expected to take up the bill soonafter the Senate passes it. The Senate is expected to vote finalpassage of the credit union-backed bill Thursday. Meantime, theRepublican-controlled Senate turned away five other amendments tothe bill Wednesday night, including one that would give moreprotection to single mothers filing for bankruptcy and another thatwould make it harder for wealthy debtors to protect expensive homesfrom creditors after filing.
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The Pittsburgh-based bank's solid third quarter comes weeks after it announced it plans to acquire a Colorado bank for $4.1 billion.
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Bridge will join a number of digital asset firms vying for the coveted charter, seizing on the crypto-friendly environment in the second Trump term.
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Treasury laid off all of its Community Development Financial Institution Fund staff on Friday, with the reduction in force notices saying that the department plans on abolishing the fund.
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After a quarter in which Goldman Sachs beat Wall Street's expectations, CEO David Solomon said he was seeing a "meaningful improvement" in the macroeconomic environment.
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The San Francisco-based banking giant reported a 9% annual jump in quarterly profits. It also made official its appointment of CEO Charlie Scharf as chairman.
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The megabank's multiyear effort to simplify its business model and improve its risk management is starting to pay off in the form of more consistent profitability and improved returns, CEO Jane Fraser told analysts.
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