Vertex Pharmaceuticals’ Fan Pier HQ Refinanced for $1B
Newton-based RMR Group refinanced its Boston Fan Pier property for $1 billion, a year after Vertex Pharmaceuticals renewed its lease for the 1.1 million square-foot office and lab complex.
Megabank CEOs Warn New Regulations Could Harm the Economy
The heads of Wall Street’s biggest banks used an appearance on Capitol Hill on Wednesday to plead with senators to stop the Biden administration’s proposed changes to how banks are regulated.
Hot Inflation Dims Likelihood Fed Can Achieve ‘Soft Landing’
For months, Chair Jerome Powell has held out hope that the Federal Reserve will be able to raise interest rates high enough to throttle rampant inflation without tipping the economy into recession.
Big Bank Profits Decline as Deal-Making, Mortgages Slow
Four big banks reported noticeable declines in their first-quarter profits Thursday, as the volatile markets and war in Ukraine caused deal-making to dry up while a slowdown in the housing market meant fewer people sought to get a new mortgage or refinance.
Alliance Sells Hingham Apartments for $139M
Alliance Residential and Invesco have pocketed $139.25 million after selling a 220-unit Hingham apartment complex completed in 2020 to an institutional investor.
Black Lives Matter to Banks, But Not Banking
Two weeks ago five of the nation’s largest banks did an about-face, asking shareholders to vote against proposals calling for third-party racial equity audits. But here’s the truth: What you don’t measure, you can’t manage.
Ex-Goldman Sachs Programmer Seeks to Overturn Code Theft Conviction
Former Goldman Sachs Group Inc. programmer Sergey Aleynikov on Monday filed a new challenge to his criminal conviction of stealing computer code from the investment bank when he left for another job.
Goldman Sachs VP Charged with Insider Trading
Federal prosecutors charged a vice president at Goldman Sachs Group Inc. on Thursday with insider trading by illegally using non-public information about several companies that were clients of the investment bank.
Goldman’s Fledgling Consumer Bank Draws Questions From Curious Analysts
As Goldman Sachs Group Inc. has unveiled more details about its strategy and financial targets to satisfy investor demands, Wall Street’s attention has turned to a business so small and new that there may not be much to disclose.
Morgan Stanley Smashes Estimates On Strength In Wealth Management
Morgan Stanley posted a much higher than expected quarterly profit on Tuesday as record revenue from its wealth management business helped offset the blow from a slump in trading activity.
Goldman Creates ‘Brain Trust’ In Effort To Boost Deals Business
Goldman Sachs Group Inc. is betting it can get its money-making mojo back by pitching creative deals to big, complex clients, marking a return to its investment banking roots as trading revenue slows.
Hingham Man Pleads Guilty To Defrauding Investors
A Hingham man pleaded guilty yesterday in U.S. District Court in Boston in connection with defrauding neighbors and other acquaintances by agreeing to invest their money which he then stole for his own use or to pay off earlier investors.
Fed Expected To Raise Rates As US Economy Flexes Muscle
The Federal Reserve is expected to raise interest rates for the second time in three months on Wednesday, encouraged by strong monthly job gains and confidence that inflation is finally rising to its target.
Goldman Names Elisha Wiesel As New Chief Information Officer
Goldman Sachs Group Inc. has named a new chief information officer as former head Marty Chavez will become chief financial officer of the Wall Street firm.
Goldman Reduces Expectations Of September US Rate Hike
Goldman Sachs has reduced its expectation that the Federal Reserve will raise interest rates at its September meeting, citing weaker-than-expected economic growth and the lack of clear signals from a senior Fed official on Tuesday.
Fed Fines Goldman For Sharing Confidential Reg Info With Clients
The Federal Reserve hit Goldman Sachs on Wednesday with a $36.3 million penalty for improperly sharing confidential regulatory information with clients and prospective clients.
Four US Investment Banks Offer Support For London After Brexit Vote
Four U.S. investment banks promised British finance...Goldman Targets ‘Mass Affluent’ Borrowers With Unusual Lending Plan
Goldman Sachs Group Inc., the banking gold standard...
Once-Distressed Office Building Sold For $94.5M
An affiliate of Goldman Sachs has paid $94.5 million...Goldman Slashes Legal Cost Estimate
Goldman Sachs Group Inc. cut the upper end of its...
