Banks
$208 million wiped out: Yieldstreet investors rack up more losses as firm rebrands to Willow Wealth
As Yieldstreet tries to distance itself from a rocky past with a new name and ad campaign, its customers are dealing with a present reality that is increasingly dire. The private markets investing startup, freshly rebranded as Willow Wealth, last week informed customers of new defaults on real estate projects in Houston, Texas, and Nashville, […]
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Goldman Sachs acquires ETF firm for $2 billion in latest deal to bolster asset management division
David Solomon, chief executive officer of Goldman Sachs. Bloomberg | Bloomberg | Getty Images Goldmans Sachs on Monday said it agreed to buy Innovator Capital Management, a provider of defined-outcome ETFs, for about $2 billion in its latest deal to bolster the firm’s asset management division. Goldman said the acquisition, expected to close in the […]
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Inside politics of broken, unaffordable U.S. health care, Cityblock CEO Toyin Ajayi sees opportunity
For the first time in decades, people are having real conversations about health care, “from the ground up,” says Dr. Toyin Ajayi. That has her feeling optimistic. “We’re in a moment where health and health care — and what it means to be healthy — is the subject of a national discussion,” the co-founder and […]
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We don’t have high hopes for this tech stock, but we’re thrilled with this bank
Two portfolio stocks are making news Monday — one in enterprise software and the other in banking. Earnings preview : Bank of America lowered its price target on Salesforce to $305 per share from $325 ahead of quarterly earnings next month. The analysts, who kept a buy rating on shares, cited cheaper multiples across software peers, […]
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New York Fed met with Wall Street firms about key lending facility: FT
Key Points New York Federal Reserve President John Williams met with Wall Street’s dealers last week about a key lending facility, the Financial Times reported, citing three individuals familiar with the matter. The meeting included representatives from many of the 25 primary dealers from banks that underwrite the government’s debt, according to the report. Williams […]
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JPMorgan Chase wins fight with fintech firms over fees to access customer data
An exterior view of the new JPMorgan Chase global headquarters building at 270 Park Avenue on Nov. 13, 2025 in New York City. Angela Weiss | AFP | Getty Images JPMorgan Chase has secured deals ensuring it will get paid by the fintech firms responsible for nearly all the data requests made by third-party apps […]
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CEO of Southeast Asia’s largest bank says AI adoption is already paying off: ‘It’s not hope, it’s now’
Tan Su Shan, chief executive officer of DBS Group Holdings Ltd., speaking at the Singapore Fintech Festival in Singapore, on Nov. 12, 2025. Bloomberg | Bloomberg | Getty Images SINGAPORE – Amid fears of an artificial intelligence bubble, much has been made of recent reports suggesting that AI has yet to generate returns for companies […]
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Goldman Sachs stands by top lawyer Kathy Ruemmler after her emails with Jeffrey Epstein exposed
Kathy Ruemmler, former White House Counsel, appears on “Meet the Press” in Washington, D.C., Sunday, June 29, 2014. William B. Plowman | NBC Newswire | NBCUniversal | Getty Images Goldman Sachs on Thursday strongly backed its top lawyer, Kathy Ruemmler, a day after a congressional committee released her chummy emails with notorious sex offender Jeffrey […]
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Trump proposes 50-year mortgage, but some say homeowner savings would be minimal
watch now VIDEO3:2703:27 President Trump floats 50-year mortgage: Here’s how it could work Squawk on the Street In another attempt to make homebuying more affordable, President Donald Trump floated the idea of a 50-year mortgage in a social media post. In response, Federal Housing Finance Agency director Bill Pulte, who oversees Fannie Mae and Freddie […]
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Southeast Asia’s largest bank CEO warns investors: ‘Buckle up, we’re in for a volatile ride’
Tan Su Shan is the CEO and director of DBS Group. Bloomberg | Bloomberg | Getty Images With valuations in the U.S. stock market becoming increasingly stretched, the chief executive of Southeast Asia’s largest bank is warning investors to expect turbulence ahead. “We’ve seen a lot of volatility in the markets. It could be equities, […]
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