Goldman Sachs boosted its dividend amid investment banking fees began to recovery, The Globe and Mail reported. This move comes as the firm adjusts to a shifting market for financial deals.
Meanwhile, a fintech expert warned that the rapid 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 two-week banking disruption has left many citizens unable to access their money, according to Iran International. On Wall Street, Oppenheimer moved to a cautious stance on major U.S. banks while favoring specialized fund operators, Investing.com Canada noted.