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GoldmSachs


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Goldman's China JV gets regulatory nod for alternative investment business

BEIJING, July 28 (Reuters) - Goldman Sachs' China securities venture obtained approval from the Chinese securities watchdog on Wednesday to conduct alternative investment business via a subsidiary. The China Securities Regulatory Commission said Goldman Sachs Gao Hua Securities Co should strengthen its risk control over its subsidiary and prevent a
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Credit Suisse hires Goldman Sachs partner to lead risk turnaround

* Credit Suisse taps Goldman ranks for a second time * Wildermuth to join by February 2022 at the latest * Tighter risk management a key priority By Brenna Hughes Neghaiwi ZURICH, July 27 (Reuters) - Credit Suisse CSGN.S on Tuesday appointed Goldman Sachs GS.N partner David Wildermuth its new chief risk officer, as it seeks to turn the corner on th
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Credit Suisse appoints Goldman Sachs' Wildermuth to lead risk turnaround

ZURICH, July 27 (Reuters) - Credit Suisse CSGN.S on Tuesday appointed Goldman Sachs' GS.N David Wildermuth as its new chief risk officer, as it seeks to turn the corner on the Archegos and Greensill scandals that have rocked Switzerland's second-biggest bank. "I am delighted to welcome David to Credit Suisse, where he will help shape the Group's en
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Brazilian oncology chain Oncoclinicas files for $670 million IPO

SAO PAULO, July 20 (Reuters) - Brazilian oncology clinics chain Oncoclinicas, which is backed by Goldman Sachs Group Inc GS.N , plans to raise roughly 3.5 billion reais ($671.26 million) in an initial public offering, amid a dealmaking boom in the healthcare sector in the country. Oncoclinicas set its price per share at between 22.21 reais and 30.2
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Nasdaq partners with major banks to spin out trading platform for pre-IPO stocks

July 20 (Reuters) - Nasdaq Inc NDAQ.O on Tuesday partnered with big U.S. banks, including Goldman Sachs and Morgan Stanley, to separate its platform that allows people to trade in shares of private companies, which have seen strong interest from investors seeking lofty returns on investments. Since interest rates were slashed to near-zero across th
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Nasdaq teams up with banks to create separate market for pre-IPO stocks

July 20 (Reuters) - Nasdaq Inc NDAQ.O said on Tuesday it was teaming up with banks such as SVB Financial Group SIVB.O , Citigroup Inc C.N , Goldman Sachs Group Inc GS.N and Morgan Stanley MS.N to create a separate trading venue for stocks of private companies. Reporting by Sohini Podder; Editing by Aditya Soni
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UBS profit leaps 63% in Q2 amid wealth management boom

* Q2 net profit $2.01 bln, trounces $1.34 bln analysts' estimate * $25 bln in fresh fee-generating client inflows in Q2 * Focus on digitalisation to help win more business * Shares up 4.6%; analysts point to strong revenue By Brenna Hughes Neghaiwi ZURICH, July 20 (Reuters) - UBS UBSG.S on Tuesday posted a 63% jump in second-quarter net profit, eas
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UBS books 63% profit surge for Q2 amid wealth management boom

(Corrects net profit figure in second paragraph to $2.01 billion (not $2.91 billion) * Q2 net profit $2.006 bln, trounces $1.343 bln analysts' estimate * $25 bln in fresh fee-generating client inflows in Q2 * Focus on digitalisation to help win more business * Shares indicated up 3.15%, analysts point to strong revenue By Brenna Hughes Neghaiwi ZUR
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A scandal cost Brazil billionaire bank CEO his job, but not control

* Andre Esteves making key decisions for BTG Pactual * Esteves oversees BTG push into retail banking * Esteves has no plans for formal BTG management role * Some governance experts troubled by Esteves’ renewed power By Tatiana Bautzer, Carolina Mandl and Jessica DiNapoli SAO PAULO/NEW YORK, July 19 (Reuters) - Twenty-three days in a Rio de Janeir
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Zoom to buy cloud-based call center operator Five9 in $15 bln deal

July 19 (Reuters) - Zoom Video Communications Inc ZM.O struck a $14.7 billion all-stock deal to buy cloud-based call center operator Five9 Inc FIVN.O in its largest-ever acquisition, as it looks to expand beyond its core video-conferencing services. Zoom has become a household name and investor favorite in the year since the coronavirus pandemic, a
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Morgan Stanley beats estimates as record deal-making cushions trading blow

(Updates with comments from analyst call, links to related earnings stories and Breakingviews column on Morgan Stanley, and updates shares) By Sohini Podder and Elizabeth Dilts Marshall July 15 (Reuters) - Morgan Stanley MS.N beat expectations for quarterly profit on Thursday, as the Wall Street bank got a boost from record investment banking activ
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Morgan Stanley profit rises on capital market, deal-making boom

July 15 (Reuters) - Morgan Stanley MS.N reported a more than 11% jump in quarterly profit on Thursday, as its investment banking business benefited from record levels of activity in deal making and capital markets. The Wall Street bank said its net income applicable to common shareholders rose to $3.4 billion, or $1.85 per share, in the second quar
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Top U.S. banks smash profit estimates on rebounding economy

By Michelle Price WASHINGTON, July 14 (Reuters) - The four largest U.S. consumer banks posted blockbuster second-quarter results this week, after pandemic loan losses failed to materialize and the U.S. economy began roaring back to life. Wells Fargo & Co WFC.N , Bank of America Corp BAC.N , Citigroup Inc C.N and JPMorgan Chase & Co JPM.N posted a c
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Citigroup trounces profit estimates as economic recovery spurs reserve release

By David Henry and Anirban Sen July 14 (Reuters) - Citigroup Inc C.N on Wednesday reported a surge in quarterly profit that swept past estimates, fueled by the bank's decision to release loan loss reserves that helped offset a plunge in revenue from lower trading and credit card lending. The bank took down $2.4 billion of funds it had set aside dur
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Citigroup profit beats estimates on reserve release

By David Henry and Anirban Sen July 14 (Reuters) - Citigroup Inc C.N comfortably beat market estimates for second-quarter profit on Wednesday as the economic recovery allowed the bank to release loan loss reserves and offset a plunge in revenue from lower trading and credit card lending. For the quarter ended June 30, net income jumped to $6.19 bil
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Wells Fargo wary on prospect of asset restriction easing

By Noor Zainab Hussain and Matt Scuffham July 14 (Reuters) - Wells Fargo & Co's WFC.N Chief Executive Officer Charlie Scharf said the bank was not yet planning for the end of a damaging asset cap imposed by regulators after it smashed Wall Street estimates for second-quarter earnings. The Federal Reserve in early 2018 ordered Wells Fargo to keep it
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Wells Fargo swings to profit on reserve release boost, cost cuts

July 14 (Reuters) - Wells Fargo & Co WFC.N swung to a profit in the second quarter, the bank said on Wednesday, as it released funds set aside to cover soured loans, while costs tied to its years-old sales practices scandal stabilized. The fourth-largest U.S. lender reported a profit of $6 billion, or $1.38 per share, compared with a net loss of $3
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Futures edge higher as earnings reports pour in; Powell testimony eyed

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Futures: Dow flat, S&P up 0.06%, Nasdaq up 0.32% By Devik Jain July 14 (Reuters) - U.S. stock index futures edged higher on Wednesday helped by a rise in mega-cap technology stocks, as investors awaited Federal Reserve chair Jerome Powell
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Bank of America focuses on loan growth as rate hikes fade into the distance

(Updates with quotes from analyst call) By Niket Nishant and Elizabeth Dilts Marshall July 14 - Bank of America Corp BAC.N shares tumbled on Wednesday after the second-largest U.S. lender detailed its sensitivity to low interest rates and the Federal Reserve indicated it has no plans to raise its benchmark rate any time soon. Its stock was down 5%
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British Business - July 14

July 14 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - UK Treasury officials are examining private equity deals to see if they have benefited local regions as concerns grow over the pace of takeovers of British compa
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