Goldman Sachs boosted its dividend amid investment banking fees showed signs of recovery, The Globe and Mail reported. This move occurs as the firm navigates a changing market for financial deals.
Meanwhile, a fintech expert said that the quick growth of stablecoins is causing tension for traditional banks and could put Europe at a disadvantage, Yahoo Finance stated. These concerns mirror recent data from Iran, where a protracted banking disruption has left many citizens locked out of their money, according to Iran International. On Wall Street, Oppenheimer moved to a conservative stance on major U.S. banks while preferring alternative asset managers, Investing.com Canada noted.