Goldman Considers Shrinking Its Consumer Business

CEO David Solomon said the bank was considering 'strategic alternatives' for its credit-card and specialty lending businesses. 


 
FTX Co-Founder Nishad Singh Pleads Guilty to Fraud Charges

FTX's co-founder and former director of engineering agreed to cooperate against his former boss, Sam Bankman-Fried, making him the third person in the FTX founder's orbit to do so. 


 
Pimco Is Saddled With a $1.7 Billion Default in Office-Market Meltdown

The company had one of the biggest defaults during the pandemic period after its acquisition of Columbia Property Trust. 


 
Russia Turns to China's Yuan in Effort to Ditch the Dollar

Moscow has jettisoned longstanding concerns about giving China too much leverage over its economy. 


 
Credit Suisse Breached Law in Greensill Lapses, Regulator Says

Finma, the Swiss regulator, didn't impose any profit penalties but said the bank failed to meet its duties as an asset manager. 


 
Santander to Boost Payouts

Santander said it would lift the proportion of profit distributed to shareholders to 50% in the next three years through cash dividends and buybacks, as it outlined new targets that included increasing customers by 25%. 


 
As Black-Owned Banks Steadily Fade Away, Investors Step In to Form One

A former Trump administration policy adviser and a daughter of the Rev. Martin Luther King Jr. are to lead the planned Redemption Bank. 


 
Erste Confident on Outlook After Solid Fourth-Quarter

Erste Bank posted net profit above consensus in the fourth quarter and kept a key profitability target for this year, adding it expected its core markets to avoid a recession. 


 
Financial Services Roundup: Market Talk

Find insight on Apollo Global Management's interest in Arconic, Intact Financial's bulk annuity transaction, Goldman Sachs's GreenSky, and more, in the latest Market Talks covering Financial Services. 


 
Merrill Lynch Taps Lindsay Hans as New Private Wealth Head

Lindsay Hans will replace Don Plaus, who is retiring after more than 30 years with the firm.


(END) Dow Jones Newswires

03-01-23 0015ET