Oil Prices Are Up, But Oil Stocks Are Not. Why Energy Markets Have Gotten So Unpredictable.
Crude prices are up, in part, on new U.S. sanctions on Russian oil. But sanctions have proven not be a good reason to invest.
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Citizens' private bank turns profit for the first time
The Providence, Rhode Island-based company launched its private bank in 2023 after a spate of bank failures left holes in the ...
AI is doing 95% of the work on an IPO prospectus, Goldman Sachs CEO says
The ways AI is changing the work of bankers and analysts just got clearer at the Wall Street bank.
Goldman Sachs CEO says that AI can draft 95% of an IPO prospectus in minutes
It used to take two weeks for a team of six bankers to do the same task, Goldman Sachs CEO David Solomon said.
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Goldman gives Solomon an $80M bonus and a 26% raise
The boost, to $39 million for 2024, makes the CEO the best-paid among the top six U.S. banks. Goldman is also tying four ...
Goldman pays top 2 execs $80 million in retention bonuses — signaling a long-term leadership plan
Goldman Sachs' CEO David Solomon's 2024 comp rose 26%. He stands to get $80 million in bonuses over the next five years.
Citigroup axes more jobs as part of ongoing cost-cutting plan
Citigroup is cutting more jobs this week after going through an overhaul last year, a spokesperson for the lender said on ...
Citigroup boosts dealmaker bonuses by 10% amid investment banking rebound - report
Earlier this month, Bloomberg News reported that banks were set to boost annual bonuses by 10% or more. Deutsche Bank ( DB) also is planning a 10% increase in bonuses, while Goldman Sachs ( GS) was ...
Bank CEOs Jamie Dimon, David Solomon are cautious on the economy. Here’s why.
Inflation worries remain despite strong earnings as JPMorgan Chase’s Jamie Dimon and David Solomon of Goldman Sachs weigh ...