Bank of America said Monday that quarterly profit and revenue topped expectations on better-than-expected fixed income trading and gains in interest income, thanks to choppy markets and rising rates.
Goldman plans major reorganization to combine key units, sources say
Goldman Sachs is planning a major reorganization to combine its biggest businesses into three divisions with its investment banking and trading businesses being merged into a single unit, two people familiar with the matter told Reuters.
New York Factory Activity Contracted in October for Third Straight Month — NY Fed
Manufacturing activity in the New York State shrunk in October for the third straight month, a sign of persisting headwinds for the factory sector amid slowing demand, data from the Federal Reserve Bank of New York showed Monday.