The world of cryptocurrency is abuzz as Republican presidential nominee Donald Trump is making a bold declaration: he plans to make the United States the crypto capital of the planet. Trump's announcement comes as a surprise, given the rising importance of digital currencies in the global financial
The notion that high schoolers are clueless about finances is a popular notion that has been perpetuated through media and public discourse. However, is this assumption truly based on facts, or is it a misconception rooted in biases and stereotypes? To find out, I devised a money quiz to test the fi
Goldman Sachs is warning of a $400M writeoff, but is it a wake-up call for the bank or just a speed bump? The storied investment bank is expecting a 10% decline in trading revenue due to tough fixed-income conditions and year-over-year comparisons. But what's behind this unexpected hit? Was it a has
Goldman Sachs is set to take a $400 million pre-tax hit in the third quarter due to the unwinding of its General Motors credit card platform and the sale of real estate loans. The bank is in talks to hand over its GM credit card business to Barclays, a deal that would see the transfer of roughly $2
Imagine a world where Wall Street banks are unstoppable forces, leveraging artificial intelligence to increase profitability and transform their businesses. Recent years have seen big banks like Goldman Sachs, Bank of America, Morgan Stanley, Wells Fargo, and JPMorgan Chase ramp up their generative
Goldman Sachs is bracing for a hefty $400 million pretax loss in its third-quarter earnings, a direct result of its struggle to establish a foothold in the consumer market. CEO David Solomon admitted this financial blow at a recent conference, attributing it to the bank's decision to offload its ill
Texas Capital Bancshares is making waves in the healthcare industry, but not without shaking things up internally. They've just agreed to buy a hefty $400 million portfolio of healthcare-related loans – a bold move to expand their corporate banking business. But hold on, there's a catch. This growt
