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Approximately 1 in 3 investors would consider utilizing artificial intelligence (AI) as their financial advisor, a recent survey has shown. However, experts warn that this trend could potentially result in flawed advice. The survey conducted by the Certified Financial Planner

Lloyd Blankfein, the former CEO of Goldman Sachs, has refuted a recent news report suggesting his potential return to the firm. He denied claims made in a New York Times article that he offered to come back in some capacity,

UBS has terminated a 9 billion Swiss franc ($10.27 billion) loss protection agreement (LPA) and a 100 billion Swiss franc public liquidity backstop (PLB) put in place by the Swiss government following its takeover of Credit Suisse in March. This

Goldman Sachs reported second-quarter profit below analysts’ expectations, mainly due to write-downs related to commercial real estate and the sale of its GreenSky lending unit. The company’s profit for the quarter experienced a significant 58% decline, amounting to $1.22 billion,

On Tuesday, the Consumer Financial Protection Bureau said Bank of America, the second-largest U.S. bank by assets, engaged in deceptive practices that hurt hundreds of thousands of its customers in recent years. The CFPB said in a statement that the

Federal Reserve officials indicated during their June meeting that further tightening is likely, though slower than the rapid rate increases that have characterized monetary policy since early 2022. Policymakers decided against a rate rise amid concerns about economic growth, even

Jerome Powell, the chairman of the Federal Reserve, said at a forum Wednesday that he expects considerable interest rate increases in the near future. “We believe there’s more restriction coming,” Powell said during a monetary policy session in Sintra, Portugal.

Traders got excited about the prospect of a spot bitcoin ETF following recent applications from companies like BlackRock, which raised Bitcoin’s price to its highest level since April. The flagship cryptocurrency touched $30,749.45, its highest level since April 14, according

Gary Gensler, chair of the Securities and Exchange Commission, took a swipe Tuesday against cryptocurrency and other digital tokens, arguing they are essentially unnecessary in the modern economy.

Wall Street firms are adjusting to a slump in deal activity as Goldman Sachs prepares for its third round of layoffs since September. A person with knowledge of the bank’s plans said Tuesday that the company