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- Indexed articles, last 90 days
- 29
- Latest publication
- Sep 29, 2026
- Outlet visibility, for CNBC
- Top 5K sites
- Earliest in this view
- Jul 6, 2026
Latest articles
Goldman Sachs CEO succession planning faces one big problem (opens the original)
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Goldman Sachs is on top of Wall Street right now, advising on more than $1 trillion in merger deals and generating more than $12 billion in equities revenue in the first six months of the year alone. Those records make it all the more striking that Goldman's board has reportedly discussed replacing CEO David Solomon, 64, with president John Waldron, 57, as early as next year. The succession plan, which would elevate Solomon to executive chairman, could be voted on by the bank's board in coming m
Bank of America expects third-quarter investment banking fees to fall more than 10%; shares slide (opens the original)
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Bank of America is seeing a far more subdued few months for its Wall Street advisory and trading businesses after a blockbuster second quarter, CEO Brian Moynihan told analysts Monday. Investment banking fees will likely decline by more than 10% in the third quarter from the year-earlier period, while trading revenue will be roughly flat, Moynihan said at a conference. That compares to a second quarter in which the bank posted a 50% jump in investment banking fees and a 33% jump in trading reven
OpenAI targets work of Wall Street junior bankers with new ChatGPT for Financial Services (opens the original)
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OpenAI is taking aim at some of Wall Street's most labor-intensive tasks with a new version of ChatGPT designed to research companies, analyze financial data and generate the presentations that investment bankers rely on. The product unveiled Thursday, called ChatGPT for Financial Services, is a tailored version of its enterprise product, ChatGPT Work, that was made with "design partners" Morgan Stanley and Evercore, according to OpenAI's vice president of product, Nick Turley. It uses the artif
Goldman Sachs partner warns of 'huge danger' in letting AI replace bankers' reasoning skills (opens the original)
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A Goldman Sachs partner leading one of the bank's flagship artificial intelligence projects warned that AI's spread across Wall Street risks hobbling the thinking capabilities of the next generation of financiers. "There's a huge danger here that in the era of AI, we outsource our reasoning to these models, and we have cognitive atrophy that stops us being able to reason from first principles ourselves," said Chris Churchman, who leads Goldman's digital platform for institutional clients called
Wells Fargo and Citigroup have room to buy a big bank. These 5 regionals fit the bill (opens the original)
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Walk the halls of any major banking conference or listen in on a quarterly earnings call, and one topic keeps coming up: With the window for mergers wide open under the Trump administration, who will take a swing? After years on the sidelines because of regulatory restrictions, large banks can once again contemplate buying other lenders, even a $100 billion-plus-asset regional bank. While JPMorgan Chase and Bank of America are barred from such a deal because they already have more than 10% of na
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