, all of the big five firms made more in the first nine months of 2021 than they did all of last year.
Those gains have come fair and square. But they’re still problematic for the industry overall because banks aren’t doing as much of the thing they’re designed for: lending. True, they say they’d like to. The Federal Reserve’s latest survey of loan officers says banks are actually making it easier for companies and consumers to borrow.
Goldman, as a newcomer to main-street lending, has less to prove than its bigger rivals. Likewise, Morgan Stanley is pushing further into “financial wellness,” something regulators ought to welcome. Still, the Covid-19 windfall is likely to lead to more questions about who the banking system is really geared up to benefit. Bigger profit makes for bigger targets.- Goldman Sachs on Oct. 15 reported third-quarter revenue of $13.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall St jumps as earnings, economic data lift optimismU.S. stocks surged on Thursday as companies including Bank of America and UnitedHealth gained following strong results, while data on the labor market and inflation soothed worries about the outlook for higher rates. No, wall streets jumps to fuck the shorts!
Source: Reuters - 🏆 2. / 97 Read more »
A buried building near Jerusalem’s Western Wall is opening to travelers – here's what it looks likeAfter an excavation that lasted more than 150 years, an underground building constructed around A.D. 20 is set to open to the public in December. Twin1222 Wow. A treasure for sure.
Source: CNBC - 🏆 12. / 72 Read more »
Wall St Week Ahead Regional bank loan growth could hint at healthier supply chainsIf regional banks show signs of accelerating loan growth when they report earnings in the week ahead, it could signal an easing of the supply chain bottlenecks that have weighed down the U.S. economic recovery from the pandemic, analysts and investors said.
Source: Reuters - 🏆 2. / 97 Read more »
Biden to Press Climate Agenda on Wall StreetCalling climate change a systemic risk to the financial system, the White House will release a report outlining its strategy for new rules that could affect investment disclosures, insurance policies and home loans. hahaha 10 comments and twitter hid 9 of them The White House may release its strategy for new rules of the road for Wall St today, but like a repeat offender, it probably won't rehabilitate the crooks. Wall Street, hedge funds, big banks, have their financial shanigans & tricks well ensconced. Biden can't change their M.O Socialism going on communism 🤣
Source: WSJ - 🏆 98. / 63 Read more »
The Reddit crowd has found a new tactic in the war against Wall Street: cutting brokers out altogetherMeme stocks closed mixed on Thursday, but retail investors appear to be finally jumping in with the gusto on so-called direct registration. Thank you queenkong SusanneTrimbath for clarity on the skullduggery
Source: MarketWatch - 🏆 3. / 97 Read more »
“These Utopias… Existed”: ‘Dreamland: The Burning Of Black Wall Street’ Director On What Was Lost In Tulsa Massacre – For The Love Of DocsIn the early 20th century, African Americans built something extraordinary in the Greenwood section of Tulsa, Oklahoma: a thriving community of Black-owned businesses that prospered to such a degre…
Source: DEADLINE - 🏆 109. / 63 Read more »