by Ken Chase | Jan 2, 2023 | Banks, News
Goldman Sachs Signals Mass Job Cuts in Coming Weeks By: Ken Chase Earlier this month, Goldman Sachs CEO David Solomon told Bloomberg that he saw “bumpy times ahead” that would lead to cuts in the bank’s workforce. In this week’s annual year-end memo to the bank’s...
by Brian Pillmore | Dec 15, 2022 | Banks, News
Bank of America, Wells Fargo CEOs forecast recession in 2023 By: Ken Chase The CEOs of two of the nation’s largest financial institutions, Bank of America and Wells Fargo, warned that consumers appear to be pulling back on spending in recent weeks. That news suggests...
by visbanking | Nov 28, 2022 | Banks, News
By: Ken Chase. The U.S. Securities and Exchange Commission recently confirmed that it had settled charges against Goldman Sachs Asset Management. GSAM had been charged by the regulator for issues related to its failure to follow the company’s own environmental,...
by visbanking | Nov 28, 2022 | Banks, News
A recently completed banking review by the Federal Deposit Insurance Corporation and Federal Reserve warned Citigroup that the bank needs to improve its financial data management. The review’s authors warned the bank that the current deficiencies in those processes...
by visbanking | Nov 28, 2022 | Banks, News
By: Ken Chase Embattled Swiss firm Credit Suisse received some good news this week as shareholders gave their approval to the lender’s plan to raise $4.2 billion. That approval greenlights the firm’s plan to raise capital from the Saudi National Bank, which will...
