Goldman Sachs Is Sounding (And Acting) A Lot More Like Private Equity
Big banks are sounding and acting a lot more like private equity.
Recent
Goldman Gives CEO Solomon $80 Million to Stay Put, Raises Pay by 26%
Goldman Sachs Group Inc. handed its top two executives retention awards valued at $80 million each and launched a program.
Wells Fargo, and BofA's Merrill Cash-Sweep Accounts Shortchanged Clients, SEC Alleges
Investment adviser units of Wells Fargo & Co. and Bank of America Corp.’s Merrill shortchanged customers by funneling uninvested cash.
iCapital Buys Parallel Markets To Enhance Investment Onboarding
Global fintech iCapital has bought Parallel Markets, a business that specialises in reusable financial identification solutions.
Bofa's Wealth Management Division Achieved Significant Growth In 2024
Bank of America’s wealth management division, encompassing Merrill Lynch and its private bank, achieved significant growth in 2024.
Short-Selling Firm Hindenburg Research Is Closing Up Shop
Short-selling firm Hindenburg Research, which rose to national prominence uncovering fraud at EV startup Nikola, said it would wind down operations.
Bank of America And Morgan Stanley Cement A Wall Street Revival
Fourth-quarter 2024 profits at Bank of America (BAC) and Morgan Stanley (MS) more than doubled, cementing a Wall Street revival.
