Wall Street's biggest banks found few reasons to complain this earnings season. Investment bankers were busier than they have been in years, trading desks thrived on volatility and resilient consumers kept lending businesses humming.
Wall Street's prime brokerage engine is humming and delivering handsome gains for the largest U.S. banks.
Wall Street's largest banks struck a reassuring tone on U.S. consumer health, citing steady spending, rising loan balances and healthy credit quality that suggest households remain resilient despite growing economic uncertainty.
Goldman Sachs senior counsel Kathy Ruemmler on Wednesday told a House committee investigating convicted sex offender Jeffrey Epstein that if she had known he was abusing women or girls, she would have reported him to law enforcement.
Trade processor DTCC is launching a trial run with Wall Street firms to convert assets into digital tokens.
Kathryn Ruemmler is scheduled for a voluntary, transcribed interview Wednesday with the House Oversight Committee about her relationship with sex offender Jeffrey Epstein. The appearance comes weeks after she moved from her role as Goldman Sachs' chief legal officer to an advisory role after Epstein-related scrutiny.
Lenders' results contrast with measures that show the highest credit card delinquency rates in 15 years.