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Wall Street News

Goldman and Citi Earnings, Paulson Transitioning to Family Office, Cyberattack (Un)Insurance … And Other Headlines and Headliners

April 15, 2019

- - Compiled by Howard Haykin

 

PEOPLE & COMPANIES:

 

  • Wells Fargo Stands Behind Wealth Business, At Least for Short Term [AdvisorHub]
  • Goldman Sachs, Citigroup Beat Earnings Views but Revenue Misses [Investors]

►      Citi Bond Traders Eke Out Win in Market That Stung JPMorgan [Bloomberg]

►      Goldman Falls as Equity Trading Slumps, Banking Backlog Declines [Bloomberg]

  • Goldman Sachs CEO David Solomon Slashes Pay (for Q1 2019) for Employees as Revenue Drops [CNBC]
  • Goldman Offers Fresh Details on Overhaul Progress as Revenue Slides [Reuters]
  • Charles Schwab's Profit, Revenue Rise Above Expectations [MarketWatch]
  • John Paulson Plots Path to Spin Off Funds in Transition to Family Office [Bloomberg]
  • Wells Fargo Top 5 Women Who Could Run the Bank [BusinessInsider]
  • SEC Investment Management - Sara Cortes and David Bartels are New Deputy Chief Counsels [SEC]
  • Deutsche Bank Could Lose $1.7Bn in Revenue if Deal Happens [Bloomberg]

 

 

HEADLINES & HEADLINERS:

 

  • Hackers Stealing Millions in Bitcoin - And Living Like Big Shots [NYPost]
  • Big Companies Thought Insurance Covered a Cyberattack - They May Be Wrong [NYTimes]