Independent digital investment advisor Betterment has reached an agreement with Goldman Sachs to acquire the digital investment accounts of Marcus Invest. Subject to customary closing conditions, those accounts will be transferred to Betterment around June 29, the companies said in a Monday (April 22) press release. Customers will have the option...
The CE 100 Index gave up 3.5% for the week as earnings season began in full swing. Stock market gains were few and far between. The banking group eked out a 1% gain. Goldman Sachs shares were up 3.8%. The company reported earnings that got a boost...
The largest U.S. banks cut a total of more than 5,000 jobs during the first quarter. They did so to control costs during an uncertain economic climate in which investors are unsure if the Federal Reserve will cut interest rates later this year, Reuters reported Tuesday (April 16). Citigroup...
Health systems technology firm Kontakt.io has raised $47.5 million to expand its artificial intelligence (AI) solution. “Kontakt.io enables health systems to optimize patient, staff, and resource flows, improving safety, coordination, and service delivery,” the firm said in a Tuesday (April 16) news release. “The company uses AI, the...
April 22, 2024
The CE 100 Index gave up 3.5% for the week as earnings season began in full swing. Stock market gains were few and far between. The banking group eked out a 1% gain. Goldman Sachs shares were up 3.8%. The company reported earnings that got a boost from Wall Street-related activities. During the conference call with analysts, […]
January 17, 2024
Odds are if you’re reading this you’ve had to deal with a contract at some point in your career. The odds are also in favor of that contract requiring some...
December 18, 2023
A broad stock market rally was the hallmark of last week’s trading action. The Federal Reserve signaled a pause on interest rate hikes and three possible rate cuts next year....
October 16, 2023
There’s the ambition, and then there’s the reality. For Goldman Sachs, the retreat from consumer-focused, Main Street-financial services continues — evidence of just how bumpy a road can be in...
April 30, 2024
Goldman Sachs is reportedly closer to exiting its General Motors credit card business. The banking giant is in discussions with Barclays to transfer the issuance of the cards, the latest in its long-term project to move away from consumer lending, the Wall Street Journal (WSJ) reported Tuesday (April 30). Barclays is the top contender to […]
April 16, 2024
The largest U.S. banks cut a total of more than 5,000 jobs during the first quarter. They did so to control costs during an uncertain economic climate in which investors...
April 11, 2024
Goldman Sachs has promoted its chief strategy officer and global head of investor relations, Carey Halio, to global treasurer. Halio will also become a member of the bank’s management committee, Goldman Sachs...
April 01, 2024
Block has entered into the eighth amendment to its revolving credit agreement with its lenders and the administrative agent, Goldman Sachs Bank USA. This amends a revolving credit facility that dates back...
