More optimistic about the recovery, big banks trim the reserves they set aside to cover bad loans

Oct 14, 2020
But if we're in for a double-dip recession, they'll need to set aside billions more than they currently have on hand.
Big banks, like JPMorgan Chase, are feeling more confident about the economic recovery after solid third quarter earnings.
Spencer Platt/Getty Images

Banks weigh in on what the 2020 presidential election might do to the stock market

Sep 25, 2020
Economists often look to previous elections to model upcoming ones, but 2020 continues to break the mold.
Goldman Sachs economists said in a note Thursday that worries are overblown — that there will be a victor on election night and in turn the markets will stay steady.
Chris Hondros/Getty Images

Goldman Sachs starts diverse board member policy for handling IPOs

Jul 1, 2020
The investment bank wants boards to include more people from chronically underrepresented groups.
Even with progress toward making boardrooms more diverse, women hold less than 18% of corporate board seats in the United States, according to Deloitte.
SDI Productions via Getty Images

Can a credit card be sexist?

Nov 11, 2019
It is alleged that the Apple Card offers higher credits to men than it does women — on that basis alone.
Jennifer Bailey, vice president of Apple Pay, speaks during an Apple product launch event at the Steve Jobs Theater at Apple Park on March 25 in Cupertino, California.
Michael Short/Getty Images

Bank earnings are way, waaay up. Here’s why.

Oct 16, 2018
Quarterly earnings reports out this week from the major banks including JPMorgan Chase, Goldman Sachs and Bank of America show very, very strong gains. Many companies are benefiting from the changed tax code, but banks are a special case. Click…

Bank earnings are way, waaay up. Here’s why.

Oct 16, 2018
Quarterly earnings reports out this week from the major banks including JPMorgan Chase, Goldman Sachs and Bank of America show very, very strong gains. Many companies are benefiting from the changed tax code, but banks are a special case. Click…

Breaking down barriers for working moms who breastfeed

Aug 24, 2018
Working moms face many barriers. Among them, travelling while breastfeeding.
A mother gives the bottle to her baby on Oct. 8, 2012 in Paris.
FRED DUFOUR/AFP/Getty Images

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Lloyd Blankfein changed Goldman Sachs. Will David Solomon keep it up?

Jul 17, 2018
Goldman Sachs reported quarterly profits today, beating analyst expectations. As is often the case on Wall Street, the ups were no match for the downs — like heavy legal expenses and weak trading results. But the big news for the bank…

Goldman Sachs' new CEO has a side hobby as a DJ

Jul 17, 2018
David Solomon, investment banker, has been named the successor to Lloyd Blankfein.
Goldman Sachs President David Solomon speaking onstage at a summit late last year. 
Paul Morigi/Getty Images for Fortune

Goldman Sachs names David Solomon, investment banker and DJ, as its new CEO

by
Jul 17, 2018
Yes, he spins records under the name "DJ D-Sol."
A view of Goldman Sachs' headquarters in lower Manhattan back on June 22, 2012 in New York.
STAN HONDA/AFP/Getty Images