Goldman Sachs boosted its dividend after investment banking fees showed signs of recovery, The Globe and Mail reported. This move comes as the firm adjusts to a shifting market for financial deals.
Meanwhile, a fintech expert said that the quick growth of stablecoins is causing tension for legacy 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 kept many citizens locked out of their money, according to Iran International. On Wall Street, Oppenheimer moved to a cautious stance on major U.S. banks while favoring alternative asset managers, Investing.com Canada noted.