Goldman Sachs has closed its acquisition of exchange-traded fund (ETF) firm Innovator Capital Management. The $2 billion deal, announced Thursday (April 2), is designed to enhance Goldman Sachs Asset Management’s offerings in what it calls the field of defined outcome ETFs. “With this acquisition, we have taken a...
Morgan Stanley announced Thursday (March 5) that it would reduce its global workforce by about 2,500 employees, or roughly 3% of its total staff, according to reporting from The Wall Street Journal. The reductions are broad in scope, impacting the firm’s three primary pillars: investment...
Recent steps taken by the Federal Deposit Insurance Corporation (FDIC) will help ensure that fund managers are not “improperly influencing” decisions made by FDIC-supervised banks, Rohit Chopra, member of the FDIC board of directors and director of the Consumer Financial Protection Bureau (CFPB) said in...
The CEO of Goldman Sachs is predicting a strong year for dealmaking in 2025. Speaking to Reuters Tuesday (Dec. 10), David Solomon said that dealmaking in equities, mergers and acquisitions in 2025 could surpass 10-year averages. “I think in 2025 we will certainly be at...
January 19, 2023
For the world’s largest, most established banks, digitization is not a destination. Rather, it is an ongoing, dynamic process of change and innovation that must adapt to the latest technologies, customer needs and economic trends. And while the digital transformation of retail banking may be focused on enhancing the customer experience via apps and online […]
April 02, 2026
Goldman Sachs has closed its acquisition of exchange-traded fund (ETF) firm Innovator Capital Management. The $2 billion deal, announced Thursday (April 2), is designed to enhance Goldman Sachs Asset Management’s offerings in what it calls the field of defined outcome ETFs. “With this acquisition, we have taken a transformative step in our commitment to provide sophisticated investment solutions […]
March 05, 2026
Morgan Stanley announced Thursday (March 5) that it would reduce its global workforce by about 2,500 employees, or roughly 3% of its total staff, according to reporting from The Wall...
December 30, 2024
Recent steps taken by the Federal Deposit Insurance Corporation (FDIC) will help ensure that fund managers are not “improperly influencing” decisions made by FDIC-supervised banks, Rohit Chopra, member of the...
December 11, 2024
The CEO of Goldman Sachs is predicting a strong year for dealmaking in 2025. Speaking to Reuters Tuesday (Dec. 10), David Solomon said that dealmaking in equities, mergers and acquisitions...