 | | | | Goldman Sachs Group Inc on Friday reported a 66% surge in third-quarter profit that swept past expectations, as Wall Street's biggest investment bank rode a record wave of M&A activity and capped a strong quarter for U.S. banks. | | | | | | Close to half a million low-income homeowners in the United States, many of them minorities, are nearing the end of mortgage forbearance plans that allowed them to halt loan payments during the pandemic, presenting a test for the mortgage service firms tasked with helping struggling borrowers move onto payment plans they can afford. | | | | | | Big U.S. banks' wealth management businesses put in another stellar performance in the third quarter, buoyed by record levels of new money flowing into accounts and surging demand from clients to borrow against their investment portfolios. | | | | | | French conglomerate Bollore , owned by billionaire Vincent Bollore's family, is considering selling its African logistics divisions, French daily Le Monde reported on Friday. | | | | | | The four largest U.S. consumer banks posted another strong quarter this week as the rebounding economy allowed them to release more cash they had set aside for pandemic losses, while sizzling deals, equity financing and trading also boosted their bottom lines. | | | | | | A number of leading financial firms including UniCredit and Credit Agricole's asset manager Amundi have sponsored Italy's first private equity fund targeting retail investors. | | | | | | One of Morgan Stanley's top dealmakers, who helped advise oil giant Saudi Aramco on its initial public offering (IPO), is leaving to join the investment banking arm of Banque Saudi Fransi . | | | | | | Citigroup Inc , like its Wall Street peers, made the best of a boom in dealmaking to post strong quarterly profit on Thursday, fending off a weakness in its lending business, which the bank's management said would continue to be under pressure. | | | | | | Morgan Stanley delivered a bullish outlook Thursday after reporting third-quarter earnings which were comfortably ahead of market expectations, driven by record investment banking and M&A advisory revenues. | | | | | | A unit owned by Abu Dhabi state fund Mubadala Investment Company has acquired one of the biggest franchisees of Taco Bell Corp in the United States, according to a statement on Thursday. | | | | | |
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