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' 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.

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 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.”

Wells Fargo’s stock (NYSE: WFC) posted a better-than-expected set of Q4 2024 results with its stock rising by about 5% in Wednesday’s trading.

(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.

Goldman Sachs staffers are unhappy with their scanty bonuses, especially when compared to the 26% surge in CEO David Solomon's payday on his 63rd birthday.

Fourth quarter results have been exceptional for US banks, led by Goldman Sachs whose earnings per share (EPS) exceeded expectations by more than 45 per cent.

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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

DBS will remain in the Net-Zero Banking Alliance, even after six of the largest US banks have left. Read more at straitstimes.com.