The announcement comes just days after President Trump signed a law that introduces US-regulated stablecoins.
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Goldman’s top line metrics — profit up 22% to $3.7 billion and total revenues up 15% to $14.6 billion — also bested analysts’ expectations.
The big US banks bested Q1 earnings expectations, and many observers expect big boosts to their Q2 trading desk revenues.
The firm said the funding will go toward acquisitions and tech innovation.
The bank downgraded JPMorgan, Goldman Sachs, and Bank of America, citing a classic case of macroeconomic uncertainty.
The TINA trade has hit some snags in recent years, with bonds looking like a pretty swell alternative in an era of high interest rates.
According to SPACInsider data, there have been 58 SPAC offerings so far this year, one more than the total in all of 2024.
The new rules are part of the Basel III reforms that were introduced in 2017 and designed in response to the 2008 financial crisis.
Fees and returns are important to advisors, but so are branding and customer service.
The major Wall Street firms plan to lay off hundreds of workers in June.
Keeping track of the Trump’s on-and-off tariff strategy was hard enough — and now the judicial system is having their turn at the switch.
Some investors warn that Moody’s and other agencies have understated the risks posed by the US government’s finances.
A fundamental challenge for robo-advisors, at big brokerages and independent shops alike, has been the razor-thin margins.
Empower is adding private market allocations with collective investment trusts used in managed accounts.
The platform’s business includes two trusts that house $5 billion worth of ETFs.
The new products will help RIA firms tailor investments to the needs of their advisors and end clients.