Banking & Finance News on Business Daily

Wells Fargo recently released its third quarter report for 2023, showing a reported net income of $5.8 billion, equal to $1.48 per diluted share. These results also encompassed $349 million, or $0.09 per share, in discrete tax benefits related to the resolution of prior period tax matters and the sale of approximately $2 billion worth of private equity investments, which had a minor impact on net income but raised the CET1 ratio by approximately 14 basis points.

Citigroup Inc. announced its third quarter 2023 net income, amounting to $3.5 billion or $1.63 per diluted share, with revenues totaling $20.1 billion. The previous year, the third quarter of 2022 recorded a net income of $3.5 billion or $1.63 per diluted share, with revenues at $18.5 billion, according to the Third Quarter 2023 Results and Key Metrics released by Citigroup.

Sony Electronics has announced the establishment of the Sony Innovation Fund: Africa, a program aimed at providing funding opportunities for early-stage startups in Africa's entertainment industry. The initiative, which was unveiled on October 12th, will support startups in various domains including gaming, music, movies, and content distribution.

Bank of America's 2023 Women & Minority Business Owner Spotlight revealed that a majority of small business owners across the United States maintain a positive outlook for their businesses, with 67% expecting revenue growth in the next year, despite challenges posed by inflation and operating costs. The report highlights these findings regarding small business sentiment from an online survey conducted by Bank of America.

Bank of America (BofA) recently released its 2023 Workplace Benefits Report, presenting insights gathered from surveys of over 1,300 employees and nearly 800 employers conducted in the first half of this year. The report provides data on workplace benefits and financial well-being trends.

While American venture capitalists are pulling back from the crypto industry amidst regulatory uncertainty, Web3 and crypto funding in France remain strong, according to an opinion piece by Ken Timsit, the managing director of blockchain company Cronos Labs.

Citi's Treasury and Trade Solutions expanded its partnership with Treasury Intelligence Solutions, which specializes in cloud-native cashflow and payment solutions.

The Goldman Sachs Foundation has announced the expansion of its 10,000 Women online business education course to a broader audience around the world, free of charge. The course, now available in Spanish and Portuguese, aims to support women entrepreneurs during the current global crisis."In response to the incredible strain that small businesses face right now, we are releasing our online course more broadly," said Charlotte Keenan, Global Head of 10,000 Women at Goldman Sachs. "Goldman Sachs is committed to ensuring that small businesses globally have the support they...

President Obama announced a number of public and private sector initiatives to support the deployment of solar power in the United States. As part of Goldman Sachs' existing commitment to finance and co-invest $40 billion over the next decade towards clean technology and renewables, the firm will target $10 billion for distributed generation renewables including solar in the US.This significant investment by Goldman Sachs aligns with the broader goal of increasing renewable energy adoption in the country. The focus on solar power reflects a strategic move towards...

Goldman Sachs Group, Inc. has announced a significant change in its leadership team, with Harvey M. Schwartz set to take over as Chief Financial Officer at the end of January 2013. This move comes as David Viniar, who has served as the Chief Financial Officer for 12 years, has decided to retire and join the Board of Directors as a non-independent director at that time. The firm also plans to appoint additional independent directors to its board in the near future.Lloyd C. Blankfein, Chairman and CEO of Goldman Sachs, expressed his confidence in the transition, stating,...

The Goldman Sachs Group, Inc. has announced that Gary Cohn, President and Chief Operating Officer, will be presenting at the Sanford C. Bernstein 2012 Annual Strategic Decisions Conference in New York City on Thursday, May 31, 2012, at 9:00 a.m. (EST).According to the press release, a live audio webcast of the presentation will be available on the Investor Relations section of the Goldman Sachs website at www.gs.com/shareholders. For those unable to listen live, a replay will be accessible on the website shortly after the event.Goldman Sachs, a prominent global...