Goldman Sachs' global head of digital assets said plans for the new company are in the early stages, but the long-term goal is to execute the spinoff within the next 12 to 18 months.

The Consumer Financial Protection Bureau said Goldman Sachs failed to investigate tens of thousands of disputes, while Apple misled iPhone purchasers about interest-free payment options. The two companies were ordered to pay $89 million.

Goldman Sachs Group is expected to pay a fine tied to a Consumer Financial Protection Bureau probe into its credit-card business, according to a person with knowledge of the matter.

The investment banking giant is selling its General Motors credit card portfolio to Barclays, which is looking to grow and diversify its U.S. cards business. It's part of Goldman's retreat from consumer banking.

Wall Street banks are expected to capitalize on ultra-low credit spreads and strong demand from investors after they report quarterly results.

JPMorgan Chase, Bank of America, Citigroup and other big banks have committed to reaching net-zero emissions by 2050. But their execution is lagging behind their pledges, according to a new report by the environmental group.

The legendary investor has been reducing his 13-year-old stake in BofA. It's the most recent instance of Buffett profiting from a big bet on a troubled financial institution.

Posnett climbed the ranks of Goldman through her positions as co-head of internet investment banking and co-chief operating officer of the tech, media and telecom group. Before her current role, she led global investment banking services.

At Goldman, Minnis oversees teams worldwide that advise corporate and sponsor clients on their credit, acquisition and other financial decisions.

Kaplan rose though the municipal finance department to become one of the first handful of female partners at Goldman Sachs in 1990.

Goldman Sachs, Capital One and Wells Fargo have all suffered pitfalls in their merchant partnerships. Payment experts discuss how issuers can keep retailers and consumers onboard.

The judge in the case said the former associate needed to go to prison in order to send a message to others in the financial industry.

The investment banking giant said that it will "moderate" its pace of share repurchases as it continues to talk to the Federal Reserve, which recently increased its stress capital buffer from 5.5% to 6.4%.

The rocky journey and abrupt end of the technology company's fledgling buy now/pay later service underscores ongoing challenges facing fintechs that offer point-of-sale installment loans, and how banks may benefit from the changing BNPL ecosystem.

The company's shareholders are ill-served by its large investments in fossil fuel projects that both damage the environment and present major financial risks.

Two years on, U.K. regulators on Wednesday revealed the result of their long-running probe into Citigroup's actions that day as they saddled the bank with £61.6 million ($78 million) in penalties for the mistake.

At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.

While the deal price is expected to be immaterial, it's another piece of the consumer empire Goldman once dreamed of that the bank is now scaling back.

Big banks have long faced allegations of bias against women, with several high-profile cases coming in recent years.

Companies going public in the first quarter globally raised $27.8 billion, a 10% jump from the same period in 2023, according to data compiled by Bloomberg.