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Bloomberg
Goldman Sachs Profit Slumps 33%; CEO Pleads Patience on Pivot
Goldman Sachs Group Inc.'s property investments drove a $212 million loss in the equity book last quarter and an additional $358 million in impairments contributed to a 33% drop in profit. Su Keenan reports on Bloomberg Television.
Bloomberg
CFRA's Leon on US Bank Earnings Season
Ken Leon, Director of Equity Research at CFRA, discusses the US bank earnings season and outlook for the sector. He speaks with Shery Ahn and Haidi Stroud-Watts on "Daybreak Asia".
Bloomberg
Goldman's Nachmann May Be Reshaping Solomon's Legacy
Marc Nachmann is one year into a critical effort to fire up Goldman's $3 trillion asset and wealth management division, and in the process fire up its stock. If Nachmann succeeds, it could go as far as reshaping CEO David Solomon's...
Bloomberg
JPMorgan 3Q Investment Banking Revenue Tops Estimates
JPMorgan Chase & Co. reported third-quarter results that beat expectations on investment banking revenue and FICC sales and trading revenue. Sonali Basak and Jonathan Ferro examine the numbers on Bloomberg Television.
Bloomberg
Citi's Woodruff on ANZ Markets, Economy
Mark Woodruff, Australia and New Zealand CEO at Citi, discusses the outlook for the region's markets and economy. He speaks with Paul Allen on the sidelines of the "Citi Australia and New Zealand Investment Conference" on "Daybreak Asia".
Bloomberg
Howard Marks: You Can Get Equity Type Returns on Credit Instruments
Oaktree Capital Management co-Chairman and co-Founder Howard Marks predicts investors will transition towards fixed income assets due to increasing interest rates. This episode of "Bloomberg Wealth with David Rubenstein" was recorded...
Bloomberg
Howard Marks Sees Rates Between 2% and 4%
Oaktree Capital Management co-Chairman and co-Founder Howard Marks talks how he expects interest rates to stay relatively high for the foreseeable future and why he wants the Federal Reserve get to a more "neutral position." This episode...
Bloomberg
Howard Marks: 'Don't Underestimate the Psychological Factor' of Investing
Oaktree Capital Management co-Chairman and co-Founder Howard Marks advises weariness when it comes to forecasting the markets and says the reaction to market-shifting events is just as impactful as the event itself. This episode of...
Bloomberg
Raising Capital Has Gotten Harder: Marty Nesbitt
Vistria Group Founding Partner & Co-CEO Marty Nesbitt discusses how raising capital for private equity has become more difficult with rising interest rates. This episode of "Bloomberg Wealth with David Rubenstein" was recorded June 28th...
Bloomberg
Marty Nesbitt on Building The Parking Spot
Vistria Group Founding Partner, Co-Chairman, and Co-CEO Marty Nesbitt recounts working with US Commerce Secretary Penny Pritzker to develop The Parking Spot. This episode of "Bloomberg Wealth with David Rubenstein" was recorded June...
Bloomberg
The Obama Preidential Center Will Promote Change: Nesbitt
Vistria Group Founding Partner, Co-Chairman, and Co-CEO Marty Nesbitt discusses his work as Chair of the Obama Foundation. This episode of "Bloomberg Wealth with David Rubenstein" was recorded June 20th in Chicago.
Bloomberg
Marty Nesbitt: Do Business With People You Like
Vistria Group Founding Partner & Co-CEO Marty Nesbitt stresses the importance of working with people you like in order to be successful in business. This episode of "Bloomberg Wealth with David Rubenstein" was recorded June 28th in...
Bloomberg
AIIB's Cross on Development Financing in Asia
Andrew Cross, chief financial officer at the Asian Infrastructure Investment Bank, discusses the investment climate around development financing in Asia and the challenges facing infrastructure projects in the region. He speaks with...
Bloomberg
Citigroup Plans Job Cuts as Bank Is Restructured
Citigroup Inc. is preparing for a wave of job cuts as Chief Executive Officer Jane Fraser restructures the Wall Street giant to operate from five main businesses. Bloomberg's Sonali Basak has the breaking news on "Bloomberg The...
Bloomberg
Third Quarter Is Key for Goldman Sachs CEO, Cohan Says
William Cohan, Puck founding partner and author, talks about the power struggle in Goldman Sachs and what CEO David Solomon has to do to keep his job.
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Bloomberg
Grantham Sees a US Recession Running Deep Into Next Year
Jeremy Grantham, co-founder of the Boston-based investment firm Grantham Mayo Van Otterloo (GMO), predicts a US recession "running perhaps deep into next year." Grantham says we have entered a period of "moderately higher inflation."...
Bloomberg
Novogratz: Gensler and SEC Need to Make Rules Clear for Crypto
Galaxy Digital Founder & CEO Mike Novogratz claims the SEC has failed to provide clear guidelines for cryptocurrency regulation and says the confusion is holding the industry back. This episode of "Bloomberg Wealth with David Rubenstein"...
Bloomberg
Novogratz: I Didn't Know Sam Bankman-Fried Was a 'Sociopath'
Galaxy Digital Founder and CEO Mike Novogratz talks about how the fall of Sam Bankman-Fried and FTX shattered faith in the crypto industry. This episode of "Bloomberg Wealth with David Rubenstein" was recorded July 26th in New York.
Bloomberg
SEC's Gensler Has Thwarted Growth of Crypto: Novogratz
Galaxy Digital Founder & CEO Mike Novogratz talks about the politics behind cryptocurrencies and outlines the difference between Republican and Democratic stances on the crypto industry. This episode of "Bloomberg Wealth with David...
Bloomberg
AI Will Disrupt the Legal Profession the Most, Sternlicht Says
Starwood Capital Group Chairman and CEO Barry Sternlicht says AI will disrupt the market for office space, because certain industries won't need as many people in their ranks. He points to the legal field as the top industry to be...
Bloomberg
Barry Sternlicht on Building an Hotel and Real Estate Empire
Starwood Capital Group Chairman & CEO Barry Sternlicht talks about building Starwood Hotels into a global lodging powerhouse. This episode of "Bloomberg Wealth with David Rubenstein" was recorded June 28th in New York.
Bloomberg
Citigroup's Paco Ybarra on Investment Banking Slump, Rates Trading
Citigroup's Paco Ybarra on the investment banking slump, headcount pressures, and rates trading. He speaks exclusively with Bloomberg's Sonali Basak in New York.
Bloomberg
Citi's Ybarra Says Banking Revenue Slump Will Turn
Paco Ybarra, Citigroup Institutional Clients Group CEO, tells Bloomberg's Sonali Basak that the slump in investment banking revenue can't get much worse. He talks about pressure on the sector and how banks could be impacted by new...
Bloomberg
First Look With Surveillance: UK Inflation Falls, ASML
Dani Burger and Kriti Gupta take you through what to watch today.