Goldman Sachs (GS) – Get Free Report had a rough fourth quarter to say the least. Profit dropped 66% from a year earlier, falling short of analysts’ expectations. CNBC commentator Jim Cramer di...
Tag: investment bank
Goldman Sachs Had a ‘Miserable’ Quarter — But Wider Market Destruction May Be Coming
Goldman Sachs (GS) – Get Free Report reported dismal Q4 2022 earnings Jan. 17. The bank may not have been alone, with fellow investment bank Morgan Stanley (MS) – Get Free Report also po...
Why Deutsche Bank Told Clients to Stay Away From American Banks
It’s always fascinating to observe how Americans are perceived by people from other places — depending on the country and the circumstances, common stereotypes range from unhealthy food t...
Wells Fargo Embroiled in Yet Another Scandal
Sending money to family or making a rent payment through Zelle has many perks — it is immediate and does not come with the fees commanded by many traditional e-transfers. The instant payment ser...
Credit Suisse CEO Tries to Shield Employees from the Storm
Reassuring internally and externally. This is the mission that Ulrich Körner set for himself at a time when Credit Suisse, founded in 1856, is going through one of the most difficult and painful perio...
Is Credit Suisse the 2022 Lehman Brothers?
The nightmare resurfaces. The visions of red screens in panicking trading rooms return. And the September 2008 images and photos of Lehman Brothers employees leaving the New York headquarters with box...
Bitcoin miner Iris Energy inks $100 million share purchase deal with B. Riley
Bitcoin miner Iris Energy has struck an equity purchase deal worth $100 million with investment banking firm B. Riley. The deal has a 24-month time frame, during which time B. Riley may purchase up to...
Mr. ‘Big Short’ Burry Takes on Goldman Sachs
Financier Michael Burry became a household name after the 2015 film “The Big Short” which depicted his bet on the subprime-mortgage meltdown that sparked the 2008 financial crisis. What m...
Global investment bank Moelis launches dedicated blockchain advisory team
Investment bank Moelis and Company announced on Monday that it is launching a dedicated blockchain advisory division to serve companies in the blockchain space and corporations that utilize blockchain...
Buffett Blasts Wall Street as a Casino; Munger Attacks Robinhood
Wall Street’s encouragement of investors taking speculative and highly risky moves in their investments have made it more of a “gambling parlor,” Berkshire Hathaway CEO Warren Buffet...
Buy Bank of America on the Earnings Beat? First, Check the Chart.
Bank of America (BAC) – Get Bank of America Corp Report is giving a boost to the financials on Monday, with the shares up 4.5% after the financial-services giant reported earnings. The stock op...