Sweden Living World Business Sports Entertainment

Cover image for David Solomon

David Solomon

Asia Could Overtake Europe as Revenue Source for Wall Street Banks on AI Trading Boom

Asia Could Overtake Europe as Revenue Source for Wall Street Banks on AI Trading Boom

Sat 18 Jul 2026 08:40 CEST

Intense trading in Asian AI companies is helping Wall Street investment banks reach record highs, with Asia set to overtake Europe as the second-largest source of revenue after the US, the FT reports.

Despite strong report, Goldman Sachs stock retreats after best quarterly results in five years

Despite strong report, Goldman Sachs stock retreats after best quarterly results in five years

Mon 13 Apr 2026 13:34 CEST

Investment bank Goldman Sachs reports its best quarterly results in five years, as revenue from stock trading rises sharply amid the Iran war.

Bank CEOs reinforce Wall Street's valuation concerns

Bank CEOs reinforce Wall Street's valuation concerns

Tue 4 Nov 2025 15:33 CET

The New York Stock Exchange closed sharply lower on Tuesday, as concerns about high stock valuations, especially in AI-related companies, spread after warnings from the heads of major investment banks.

Goldman Sachs Thrives in Q1 Despite Market Turbulence

Goldman Sachs Thrives in Q1 Despite Market Turbulence

Mon 14 Apr 2025 14:13 CEST

Revenues from stock trading soared in the stock market turmoil during the first quarter of the year for the investment bank Goldman Sachs, one of the major players on Wall Street. But after the Trump administration's tariff shock on April 2, the stock market climate has changed, according to the major bank