Saturday, October 19

Tag: BAC

Goldman Sachs, Pulling Back From Consumer Lending, Posts 33% Profit Drop
17Oct By adminNo Comments
Money

Goldman Sachs, Pulling Back From Consumer Lending, Posts 33% Profit Drop

Updated Oct. 17, 2023 10:16 am ETGoldman Sachs reported lower profit for the third quarter, hurt by losses from selling off pieces of its consumer-lending business and a big drop in revenue in its asset and wealth-management division.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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These Companies Are Being Squeezed by Higher Rates
15Oct By adminNo Comments
Money

These Companies Are Being Squeezed by Higher Rates

Soaring interest expenses are turning the bottom line red at an increasing number of companies with low credit ratings, a problem that is expected to worsen as the rates on their loans reset.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Banks Load Up on $1.2 Trillion in Risky ‘Hot’ Deposits
12Sep By adminNo Comments
Money

Banks Load Up on $1.2 Trillion in Risky ‘Hot’ Deposits

Updated Sept. 12, 2023 5:49 pm ETListen to article(2 minutes)At midyear, Zions Bancorp reported holding $8.5 billion in brokered deposits, an obscure but costly banking industry product that is drawing attention from regulators. At this time last year, the Salt Lake City-based bank had practically none.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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