Tag: Underwriting

BusinessPersonal Finance

Wall Street CEOs Issue Private Credit Warnings Amid First Brands Bankruptcy Fallout

Top banking executives including JPMorgan’s Jamie Dimon and Goldman Sachs’ David Solomon addressed private credit market stability during quarterly earnings calls. While downplaying systemic risks, Dimon cautioned that economic downturns could reveal more troubled companies in the sector following recent high-profile bankruptcies.

Banking Leaders Address Private Credit Concerns

Top executives from JPMorgan Chase, Goldman Sachs, and Citigroup used their quarterly earnings calls to reassure investors about the private credit market’s stability while acknowledging potential risks, according to reports from the financial institutions. The discussions came following the bankruptcy of auto parts supplier First Brands, which had borrowed more than $10 billion.

by Jessica Moore P.E.
BusinessEconomy and Trading

Wall Street Banking Revival: Goldman Sachs, JPMorgan, Citigroup Surge Past Expectations

After nearly three years of sluggish performance, Wall Street’s dealmaking engine is roaring back to life. Goldman Sachs, JPMorgan, and Citigroup all reported impressive third-quarter results with double-digit investment banking fee growth.

After nearly three years of sputtering performance following pandemic-era highs, Wall Street banking is experiencing a significant resurgence. Major financial institutions including Goldman Sachs, JPMorgan Chase, and Citigroup have all reported stronger-than-expected third-quarter results, signaling that the prolonged dealmaking drought may finally be ending. The revival comes as CEOs revive mergers and financing plans that had stalled during market uncertainty, creating renewed optimism across the financial sector.

Goldman Sachs Leads the Banking Recovery

by Jessica Moore P.E.