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Goldman Sachs Reports Lower Profit
Results were hurt by a slowdown in deal making and a sizable loss on the sale of part of its Marcus personal loan portfolio. Source
State Street, Schwab See Deposits Drop
Banks across the board are under pressure to pay depositors more as interest rates continue to rise. Source link
Banks Are Finally Facing Pressure to Pay Depositors More
Small and midsize banks lost hundreds of billions of dollars in recent weeks to their bigger peers and to money-market funds offering higher yields. Source
Fossil-Fuel Veterans Find Next Act With Green Hydrogen
Executives see similarities between the nascent industry and the early days of liquefied natural gas. Source link
Sega Nears Deal for ‘Angry Birds’ Mobile Game Maker
WSJ News Exclusive Deals Japan-based entertainment conglomerate expected to pay about $1 billion for Rovio Entertainment Source link
Bank Failures Rattle Market for Short-Term Lending
The underpinnings of the financial system and corporate funding for companies including Duke Energy are still thawing after last month’s banking crisis. Source link
Stocks Slide Even as Big Banks Rally
Earnings season kicked up a gear with reports from several banks including JPMorgan, which posted record revenue. Source link
As Bond Market Turbulence Eases, Companies Borrow Again
Treasury yields have settled at lower levels, reflecting an anticipated growth slowdown. Source link
There Was No Crisis for JPMorgan and Its Big-Bank Peers
Markets Finance JPMorgan, Wells Fargo, Citigroup post profit and revenue gains after turmoil last month Source link
As Bond Market Turbulence Eases, Companies Borrow Again
Treasury yields settle at lower levels, reflecting an anticipated growth slowdown. Source link