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For Goldman Sachs, No Bad News Is Good News After a Brutal Stretch
Posted inBank of America Corporation Banking and Financial Institutions Company Reports Goldman Sachs Group Inc Solomon, David M

For Goldman Sachs, No Bad News Is Good News After a Brutal Stretch

The Wall Street bank disclosed $2 billion in quarterly profit, just above expectations and propelling the bank further in its turnaround.
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Posted by By Rob Copeland
China Bet It All on Real Estate. Now Its Economy Is Paying the Price.
Posted inBanking and Financial Institutions Beijing (China) China China Evergrande Group Country Garden Economic Conditions and Trends Foreign Investments Real Estate and Housing (Residential)

China Bet It All on Real Estate. Now Its Economy Is Paying the Price.

After relying on a borrow-to-build model for decades, Beijing must make difficult choices about the country’s housing market and economic future.
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Posted by By Alexandra Stevenson
Jamie Dimon Warns of ‘Most Dangerous Time in Decades’ as Banks Report Big Profits
Posted inBanking and Financial Institutions Company Reports Dimon, James Inflation (Economics) Israel-Gaza War (2023- ) JPMorgan Chase & Company Scharf, Charles W Wells Fargo & Company

Jamie Dimon Warns of ‘Most Dangerous Time in Decades’ as Banks Report Big Profits

JPMorgan Chase and Wells Fargo said that consumers continued to borrow and spend, but their chiefs warned that risks were intensifying.
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Posted by By Rob Copeland and Stacy Cowley
Goldman Sachs Sells GreenSky BNPL Business
Posted inBanking and Financial Institutions Company Reports Goldman Sachs Group Inc Mergers, Acquisitions and Divestitures Private Equity Solomon, David M

Goldman Sachs Sells GreenSky BNPL Business

Goldman sells the consumer lender GreenSky after significant losses, less than two years after buying it.
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Posted by By Rob Copeland

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