Goldman woos veteran Russell Horwitz to return as chief of staff, while two other executives depart

Russell Horwitz replaces John F.W. Rogers as chief of staff while Rogers will retain other titles; Jeff Currie to retire while Julian Salisbury exits GASM 


 
Bank Stocks Slide After Moody's Downgrade

M&T, Truist and others are down as concerns about the health of the sector are renewed. 


 
CBA Posts 6% Fall in Annual Net Profit, Plans New Buyback

Australia's largest mortgage lender says rising interest rates are impacting customers. 


 
Australia's InvoCare Agrees to A$1.8 Billion Takeover by TPG

InvoCare has agreed to a takeover by private-equity firm TPG Inc. that values the Australian funeral operator's equity at US$1.18 billion. 


 
TPG Posts Profit as Deals Revive

The buyout firm sees more investment opportunities as sellers come to grips with a new pricing reality, but distributable earnings fell. 


 
Credit-Card Balances Soar 16% to Pass $1 Trillion for 1st Time

The U.S. public's total credit-card balance hit a record of $1.03 trillion during the second quarter, according to the Federal Reserve Bank of New York 


 
Wells Fargo, BNP Fined Over Use of Messaging Apps

U.S. regulators hit about a dozen financial firms including Wells Fargo and BNP Paribas with fines totaling more than half a billion dollars for record-keeping violations related to their employees' use of messaging platforms like WhatsApp. 


 
SoftBank Plans New AI Bets After First Investment Gains in 18 Months

The Japanese tech investor reported $1 billion in investment gains at its flagship Vision Fund unit in the latest quarter. 


 
Fed may be at point where it can be patient and hold rates steady, Harker says

The Federal Reserve could be at the point where it doesn't need to raise interest rates further, said Philadelphia Fed President Patrick Harker, on Tuesday. 


 
Willowridge Amasses $900 Million for Niche Secondary Deals

The acquirer of mature fund stakes has benefited from being able to return cash to investors at a time when many investors are liquidity constrained, founder Jerrold Newman says.


(END) Dow Jones Newswires

08-09-23 0015ET