Mnuchin Said to Be Trump’s Treasury Pick
Little known about ex-Goldman Sachs executive’s currency views; billionaire investor Wilbur Ross said to be Commerce choice.
How Goldman Sachs Fires Workers
Investment bank must file “WARN notices” in New York; 43 here, 109 there and pretty soon 443 employees are dismissed.
Is LPL Financial Up for Sale?
The independent broker-dealer is reportedly exploring a variety of possible moves.
Morgan Stanley, Goldman Split on Where Treasuries Will End 2016
As Morgan Stanley calls for U.S. bond rally in Q4, Goldman joins Gundlach in view that U.S. 10-year yields should rise to 2%.
Goldman and Citigroup Divided on Whether Bond Rout Will Persist
Garzarelli of Goldman sees Treasury yields at 2% by early 2017; Aviva, Aberdeen join Citigroup in seeing no extended losses.
Goldman Sachs Bans Partners From Giving to Certain Candidates
The restrictions affect donations to Trump-Pence GOP ticket; Wall Street firm says it is seeking to avoid reputational risk.
12 Best & Worst Broker-Dealers: Q2 Earnings, 2016
Like in Q1, profits for financial firms generally moved in the same direction, with one exception.
Goldman Sachs Profit Jumps 74% on Bond Trading: Q2 Earnings
Fixed-income revenue rises 33%, equities revenue drops 11%; firm’s compensation costs decline 13% to $3.3 billion.
Goldman Expects S&P to Fall Up to 10%
Analysts with the investment bank say it is better to stay on the sidelines for now.
SIFMA Roiled by Split Over DOL Fiduciary Suit by Wirehouses, Smaller Firms
Large broker-dealers favored compliance over fighting DOL; Wells Fargo, Morgan Stanley said to have opposed court battle.