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Goldman Sachs reported a 51% increase in fourth-quarter profit, marking a turnaround after eight quarters of declines. The boost came from the asset and wealth management unit, which saw a 23% jump in revenue, while revenue from investment banking and trading was down. CEO David Solomon has been working to make the bank less reliant on these traditional powerhouses and more focused on managing money for individuals and companies. However, Goldman's full-year profit fell 24%, worse than most other big U.S. banks, and the challenge now is to sustain the success of the strong quarter. [Extracted from the article]

Citizens Financial Group, a regional lender based in Providence, Rhode Island, has launched a new private bank for wealthy customers, taking inspiration from the collapsed First Republic Bank. Citizens is spending millions of dollars to hire former First Republic staffers in an effort to crack the market for high-net-worth individuals. The bank aims to replicate the customer service and successful aspects of First Republic, which attracted wealthy customers with bureaucracy-free banking and low rates on loans. However, Citizens faces challenges in building this business, including higher interest rates and potential tougher regulations. [Extracted from the article]

Wsjfinance-markets, Pharmaceuticals, Airlines, Air Transport, Healthcare/Life Sciences, Hormone Products, Specialized Drugs/Medications, Transportation/Logistics, Diabetes Drugs, North America WSJ's Daniela Hernandez breaks down the science of how diabetes drugs work - and how they could change psychiatry forever. Keywords: wsjfinance-markets; Pharmaceuticals; Airlines; Healthcare/Life Sciences; Air Transport; Specialized Drugs/Medications; Hormone Products; Diabetes Drugs; Transportation/Logistics; North America EN wsjfinance-markets Pharmaceuticals Airlines Healthcare/Life Sciences Air Transport Specialized Drugs/Medications Hormone Products Diabetes Drugs Transportation/Logistics North America N.PAG N.PAG 1 11/06/23 20231102 NES 231102 Rise of new weight-loss drugs fuels wild predictions about impact on snack-food makers, airlines and more America leads developed nations when it comes to obesity. [Extracted from the article]

Keywords: kwexclusive; wsjfinance; wsjfinance-ws; Banking; Financial Investment Services; Investment Banking; Security Brokering/Dealing; Banking/Credit; Financial Services; Investing/Securities EN kwexclusive wsjfinance wsjfinance-ws Banking Financial Investment Services Investment Banking Security Brokering/Dealing Banking/Credit Financial Services Investing/Securities N.PAG N.PAG 1 09/20/23 20230916 NES 230916 Firm is creating a "sports franchise" unit within investment banking Goldman SachsGS 0.23% increase; green up pointing triangle is preparing to offer wealthy clients more access to a unique investment: the chance to own a piece of a private sports team. Kwexclusive, wsjfinance, Banking, Financial Investment Services, wsjfinance-ws, Investment Banking, Banking/Credit, Security Brokering/Dealing, Investing/Securities, Financial Services. [Extracted from the article]

Keywords: wsjfinance-ws; kwexclusive; Banking; Financial Investment Services; Security Brokering/Dealing; Portfolio/Fund/Asset Management; Banking/Credit; Financial Services; Investing/Securities; Private Banking/Wealth Management EN wsjfinance-ws kwexclusive Banking Financial Investment Services Security Brokering/Dealing Portfolio/Fund/Asset Management Banking/Credit Financial Services Investing/Securities Private Banking/Wealth Management N.PAG N.PAG 1 08/01/23 20230729 NES 230729 Wave of departures among senior executives could undermine David Solomon's asset-management strategy An exodus of executives from Goldman Sachs's GS -0.36% decrease; red down pointing triangle asset-management division threatens to undermine a central pillar of CEO David Solomon's strategy for the Wall Street giant. Wsjfinance-ws, kwexclusive, Banking, Financial Investment Services, Security Brokering/Dealing, Portfolio/Fund/Asset Management, Banking/Credit, Financial Services, Investing/Securities, Private Banking/Wealth Management Around that time, Goldman peeled wealth management away from asset management and combined it with its Marcus consumer operations, a move that was met with skepticism among some senior Goldman executives. [Extracted from the article]

Marianne Lake and Jennifer Piepszak, the co-heads of JPMorgan's consumer bank, would make the trip to First Republic's San Francisco headquarters and manage the integration. Keywords: wsjfinance-ws; gfx-contrib; Banking; Commercial Banking; Financial Investment Services; Banking/Credit; Financial Services; International Banks; Investing/Securities; Private Banking/Wealth Management EN wsjfinance-ws gfx-contrib Banking Commercial Banking Financial Investment Services Banking/Credit Financial Services International Banks Investing/Securities Private Banking/Wealth Management N.PAG N.PAG 1 05/23/23 20230522 NES 230522 The deposit crisis that toppled First Republic and two other banks has only made JPMorgan stronger Thousands of banks call the U.S. home. The San Francisco-based bank had a slew of rich customers and a ready-made wealth-management business, something JPMorgan was painstakingly building on its own. The idea was to capture some of the $4 trillion in assets that JPMorgan depositors were keeping at other wealth managers like Morgan Stanley and Bank of America. [Extracted from the article]

Keywords: a-hed; photo-commission; wsjfinance; Banking; Financial Investment Services; Banking/Credit; Financial Services; Investing/Securities; Private Banking/Wealth Management; SYND EN a-hed photo-commission wsjfinance Banking Financial Investment Services Banking/Credit Financial Services Investing/Securities Private Banking/Wealth Management SYND N.PAG N.PAG 1 05/09/23 20230506 NES 230506 The coveted giveaway for clients was the forest-green umbrella. A-hed, photo-commission, wsjfinance, Banking, Financial Investment Services, Banking/Credit, Financial Services, Investing/Securities, Private Banking/Wealth Management, SYND First Republic was a go-to lender for Ms. Wong and her colleagues because of its mortgage rates and personal service. [Extracted from the article]

Wsjfinance-ws, Banking, Commercial Banking, Financial Investment Services, Banking/Credit, International Banks, Financial Services, Investing/Securities, Private Banking/Wealth Management, Regulation/Government Policy Keywords: wsjfinance-ws; Banking; Commercial Banking; Financial Investment Services; Banking/Credit; Financial Services; International Banks; Investing/Securities; Private Banking/Wealth Management; Regulation/Government Policy EN wsjfinance-ws Banking Commercial Banking Financial Investment Services Banking/Credit Financial Services International Banks Investing/Securities Private Banking/Wealth Management Regulation/Government Policy N.PAG N.PAG 1 05/05/23 20230503 NES 230503 The biggest U.S. lender beat out bids from at least three smaller peers WSJ's Ben Eisen explains what led to the bank's failure and what it means for customers, investors and the industry. [Extracted from the article]

Wsjfinance-ws, Banking, Commercial Banking, Financial Investment Services, Banking/Credit, Financial Services, International Banks, Investing/Securities, Private Banking/Wealth Management, Bankruptcy Keywords: wsjfinance-ws; Banking; Commercial Banking; Financial Investment Services; Banking/Credit; Financial Services; International Banks; Investing/Securities; Private Banking/Wealth Management; Bankruptcy EN wsjfinance-ws Banking Commercial Banking Financial Investment Services Banking/Credit Financial Services International Banks Investing/Securities Private Banking/Wealth Management Bankruptcy N.PAG N.PAG 1 05/04/23 20230502 NES 230502 Lender teetered for weeks after Silicon Valley Bank's collapse in March WSJ's Ben Eisen explains what led to the bank's failure and what it means for customers, investors and the industry. [Extracted from the article]

Keywords: Banking; Commercial Banking; Banking/Credit; Financial Services; International Banks; Regulation/Government Policy; Ownership Changes; Acquisitions/Mergers/Shareholdings; Government Aid/Grants; Management EN Banking Commercial Banking Banking/Credit Financial Services International Banks Regulation/Government Policy Ownership Changes Acquisitions/Mergers/Shareholdings Government Aid/Grants Management N.PAG N.PAG 1 04/03/23 20230330 NES 230330 Ralph Hamers steps down as Swiss lender moves into a new era UBS GroupAG said Sergio Ermotti will return as chief executive officer to tackle the integration of Credit Suisse GroupAG, less than two weeks after regulators engineered a shotgun marriage of the Swiss banking giants. "We felt we had a better horse" in Mr. Ermotti, said UBS Chairman Colm Kelleher, explaining the bank's decision to replace Mr. Hamers. [Extracted from the article]

Kwexclusive, Banking, Commercial Banking, Financial Investment Services, Banking/Credit, Financial Services, International Banks, Investing/Securities, Private Banking/Wealth Management, Management Keywords: kwexclusive; Banking; Commercial Banking; Financial Investment Services; Banking/Credit; Financial Services; International Banks; Investing/Securities; Private Banking/Wealth Management; Management EN kwexclusive Banking Commercial Banking Financial Investment Services Banking/Credit Financial Services International Banks Investing/Securities Private Banking/Wealth Management Management N.PAG N.PAG 1 03/24/23 20230321 NES 230321 Big-bank leaders are discussing a capital infusion in troubled lender Graph: JPMorgan Chase's Jamie Dimon and his fellow CEOs are trying to instill confidence in a banking system facing its worst crisis in 15 years. [Extracted from the article]

Marcus, Goldman's consumer-banking arm, launched in 2016 to a strong start. Keywords: wsjfinance-ws; Financial Investment Services; Security Brokering/Dealing; Banking/Credit; Financial Services; Investing/Securities; Corporate/Industrial News; SYND; WSJ-PRO-WSJ.com; Bank of America EN wsjfinance-ws Financial Investment Services Security Brokering/Dealing Banking/Credit Financial Services Investing/Securities Corporate/Industrial News SYND WSJ-PRO-WSJ.com Bank of America N.PAG N.PAG 1 01/17/23 20230114 NES 230114 Wall Street firm's push into Main Street businesses has proven costly Graph: The New York headquarters of Goldman Sachs, which released some financial information Friday ahead of fourth-quarter earnings. [Extracted from the article]

Keywords: wsjfinance-eur; Equity Markets; Content Types; Factiva Filters; C&E Exclusion Filter; IWE Filter; Routine Market/Financial News; SYND; WSJ-PRO-WSJ.com; routine market EN wsjfinance-eur Equity Markets Content Types Factiva Filters C&E Exclusion Filter IWE Filter Routine Market/Financial News SYND WSJ-PRO-WSJ.com routine market N.PAG N.PAG 1 01/16/23 20230111 NES 230111 The turnabout underscores how drastically economic expectations have shifted regarding the continent Graph: Weakness in the euro last year made European stocks cheaper and more attractive to some investors. Investors last week ramped up bullish bets across European indexes at a greater magnitude than across U.S. indexes. In a higher interest rate environment, investors' preference for value stocks - such as banks, retailers and energy companies - has benefited cyclically tilted European indexes. [Extracted from the article]

Keywords: Banking; Commercial Banking; Financial Investment Services; Banking/Credit; Financial Services; Integrated Banks; Investing/Securities; Private Banking/Wealth Management; Financial Performance; Earnings EN Banking Commercial Banking Financial Investment Services Banking/Credit Financial Services Integrated Banks Investing/Securities Private Banking/Wealth Management Financial Performance Earnings N.PAG N.PAG 1 04/18/22 20220414 NES 220414 Bank's first-quarter profit fell 42% as it socked away funds to prepare for higher defaults in case of recession While the bank CEO said the U.S. economy is growing, the company socked away funds to prepare for higher defaults in case of a recession, and its first-quarter profit fell 42%. Banking, Banking/Credit, Investing/Securities, Financial Performance, Earnings, Commercial Banking, Financial Investment Services, Financial Services, Integrated Banks, Private Banking/Wealth Management JPMorgan CEO Jamie Dimon Says "Powerful Forces" Threaten U.S. Economy. [Extracted from the article]