Global financial firms - JPMorgan (JPM), Goldman (GS), Citigroup (C) and Bank of America (BAC) - are expecting the operating backdrop to turn favorable for capital markets businesses.
The CEOs of America's largest banks, including Bank of America (BAC) Chairman and CEO Brian Moynihan, JPMorgan Chase (JPM) Chairman and CEO Jamie Dimon, Citigroup (C) CEO Jane Fraser, and more, testif
The heads of America's largest banks, including JPMorgan Chase, Bank of America and Goldman Sachs are seeking to dull the impact of the new rules.

Bankers Push Back Against Basel III Endgame Rules

02:24pm, Wednesday, 06'th Dec 2023
The heads of Wall Street's biggest banks took their most direct swing yet at Washington's plans to force them to set aside more cash as a buffer against losses. Here are some highlights from their tes
CNBC's Leslie Picker reports on the latest news from the big bank CEOs' testimony on Capitol Hill.
Goldman Sachs Group Inc. Chief Executive Officer David Solomon explains the depth of existing stress banking tests and says the proposed rules are “a wholesale change that leads to problems.” Solo

Big bank CEOs testify in Senate hearing

11:46am, Wednesday, 06'th Dec 2023
The CEOs of Wall Street's biggest banks testify in front of the Senate Banking Committee.
The chief executives of big U.S. banks are arguing that banking regulations aimed at strengthening the country's financial system will instead hurt the economy.
Swedish buy-now-pay-later giant Klarna's volatile valuation has shot up again after major shareholder Creades reportedly increased the value of its stake by $11.3 million. According to Bloomberg, this

1 Bank Stock I'm Selling in December

06:12am, Wednesday, 06'th Dec 2023
Goldman Sachs has been a winning investment for me since I bought shares in the early days of the COVID-19 pandemic. However, poor execution on the bank's consumer banking ambitions has caused me to t
The CEOs of America's top banks are on Wednesday expected to speak out against plans to hike capital requirements, at a U.S. Senate banking committee hearing on regulation of Wall Street firms.
The heads of the biggest US banks, including Jamie Dimon of JPMorgan and James Gorman and Morgan Stanley, will testify in Washington on Wednesday about new proposed rules to strengthen capital require
Goldman Sachs Group Inc. says confidence appears to be building around Wall Street deal making as the marquee investment bank looks toward the coming year after recent rockiness.
Rahul Jain, co-head of Asia financial research at Goldman Sachs, says its strategy team is overweight on Indian banks.
In the most recent trading session, Goldman Sachs (GS) closed at $349.39, indicating a +0.28% shift from the previous trading day.
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