US Banks to Set Aside $4bn as Loan Loss Provisions

US Banks Face 75% Revenue Hit from IPO Drought

US investments banks are hit by an IPO slowdown as equity capital markets (ECM) revenues have been impacted. Big investment banks such as Goldman Sachs, Citigroup, BofA and Morgan Stanley have seen ECM fees sharply drop to $645mn vs. $5.3bn for the same period in...
Goldman Misses Earnings Estimates with Higher Expenses

Goldman Reports 63% Profit Jump in Q3

Goldman Sachs reported net profits of $5.4bn in Q3, up over 60% YoY. Investment Banking revenues jumped a massive 88% YoY to $3.7bn with advisory revenue hitting a record. Its Global Markets division generated quarterly net revenues of $5.6bn, up 23% YoY with FICC...
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