The Goldman Sachs Group, Inc. (GS)
- Yahoo Finance
Goldman Sachs: Should it be punished for its role in the Silicon Valley Bank debacle?
I’d like to suggest an approach for our political leaders to take on the role that Goldman Sachs played in the collapse of SVB: figure out how much money Goldman made by buying $24 billion of securities from SVB at a below-market price. And then to demand that Goldman turn over that profit to the federal government.
- Zacks
Goldman Sachs (GS) Stock Moves -1.14%: What You Should Know
Goldman Sachs (GS) closed the most recent trading day at $313.67, moving -1.14% from the previous trading session.
- Yahoo Finance Video
Fed decision: Financial stability 'more important' than inflation, says strategist
After a week of chaos in the banking industry, including the collapse of Silicon Valley Bank (SIVB) and Signature Bank (SBNY), and the forced marriage of UBS and Credit Suisse, investors' focus has now shifted to the Federal Reserve. Fed officials are set to convene this week for one of its most uncertain policy meetings of the year, with the central bank now at a crossroads between fighting inflation and maintaining financial stability. "They really have to balance out this inflation fighting with stability," Meera Pandit, JPMorgan Asset Management Global Market Strategist, tells Yahoo Finance. "There's a lot of evidence that the Fed should start winding down it's Fed hiking cycle." Pandit lays out evidence that a Fed pause is on the table: February's Consumer Price Index gains, wage growth, consumer expectations of inflation, tightening financial conditions, and banking woes show that it "makes sense for the Fed to get closer and closer towards a pause," she says. Key Video Moments 00:00:01: What markets are pricing in 00:00:15: Fed balancing inflation vs. financial stability 00:00:43: Evidence of a future Fed pause
