Goldman Sachs News & Media

Big US banks pass stress tests, will increase dividends

July 1, 2024

Multiple big U.S. banks passed their annual stress tests with the Federal Reserve, which show they have enough capital to withstand major market upsets. As a…

read now

Banks pass Fed stress test

June 30, 2023

The Federal Reserve ran a stress test on 23 U.S. banks and all passed. The test assesses if banks would have enough capital to absorb losses and continue…

read now

Goldman Sachs to cut back hundreds of workers, along with free coffee

September 13, 2022

Goldman Sachs Inc. plans to lay off hundreds of workers as soon as next week. The layoffs are part of the bank's annual performance reviews, which were put on…

read now

Big banks pass stress test, raise dividends

June 28, 2022

Morgan Stanley, Goldman Sachs, Bank of America and Wells Fargo all have cleared their annual stress tests.

read now

Top 10 global banks lost $23B in 2020, HSBC, Citi biggest losers

February 11, 2021

Data researched by Trading Platforms U.K. indicates that the top ten international banks cumulatively lost $23.01 billion in brand value in 2020. The banks…

read now

Banks worldwide amass $15 billion in fines

January 11, 2021

Data acquired from the Bank Fines Report 2020 by Finbold.com indicates a total of $15.13 billion in aggregated bank fines last year covering the period of Jan.

read now

Goldman’s Marcus bank offers customers a digital future

July 17, 2020

Goldman Sachs' startup consumer bank, Marcus, named after the firm's cofounder, has seen an increase in digital-only banking during the coronavirus crisis…

read now

Banks expect major losses in second quarter

July 13, 2020

America's banks are braced for poor second quarter results that are due this week, according to a CNN report.

read now

Goldman Sachs says wear your mask

July 3, 2020

Goldman Sachs believes a national mask mandate in the U.S. is needed to lower the possibility of COVID-19 infections and such a mandate would lead to a…

read now

Contactless payments tripling by 2024

February 11, 2020

Juniper Research reports that contactless payments will triple to $6 trillion worldwide by 2024, from about $2 trillion this year, as OEM mobile wallet…

read now

Google to launch checking accounts with Citi, local credit union

November 13, 2019

Google, in another move by Silicon Valley to enter the financial services space, is teaming with Citigroup and Stanford Federal Credit Union to offer checking…

read now

Consumer shift or shiny object?: What Apple Card could mean for retail banking

by David Jones — Editor, Networld Media Group

The introduction yesterday of Apple Card has the fintech world talking. But so did Apple Pay when it was introduced four-and-a-half years ago, and it still…

read now