Large U.S. banks rallied to fresh record highs on Wednesday as investors cheered on stronger-than-expected fourth-quarter earnings, driven by resilient lending income, cost-cutting efforts and a rebound in corporate deal-making sending.

Goldman Sachs CEO David Solomon promoted a slew of top bankers on Tuesday to run the firm’s biggest business units, just days after the bank boss was awarded a pair of massive bonuses. The

When news of Solomon’s bonus was released, a lot of folks here just rolled their eyes,” one equities trader told The Post. “Of course, that is where our money went.”

Goldman Sachs employees are unhappy with their end-of-year bonuses, which they deem insufficient. The unhappiness comes after CEO David Solomon received a hefty pay rise after the bank's best earnings in three years. He took home $39 million in compensation for 2024, a 26% increase from 2023.

Goldman Sachs' Ryan Nolan, a partner in the technology, media and telecommunications group and global co-head of software investment banking, is leaving the bank, according to a memo seen by Reuters on Thursday.

The recent Los Angeles wildfires are only the latest reminder that banks need to steel themselves against climate change both in their portfolios and in their own businesses.

The bank’s board credited the CEO for returning $25 billion to shareholders last year and keeping a focus on risk and control infrastructure, which it called the company’s “number-one priority.”

Dark Matter Technologies opens a global capability centre in Hyderabad, aiming to triple headcount and serve global clients.

Recently, major banks announced their departure from the Net-Zero Banking Alliance. This is a victory for Kentucky's retirement system and its future.

Goldman Sachs updated its outlook on LandBridge (NYSE:LB), raising the price target to $73 from the previous $71 while reaffirming a Buy rating on the shares. The stock, currently trading at $65.22, has delivered an impressive 194.

The last of the six major US banks recently exited the Net Zero Banking Alliance. These departures may have created a buzz, but we caution investors against being misled

(Reuters) - Brighthouse Financial is exploring options including a potential sale of the U.S. life insurance and annuity provider, according to a source familiar with the matter on Tuesday.