Goldman Sachs raised its dividend after investment banking fees began to recovery, The Globe and Mail reported. This move occurs as the firm navigates a shifting market for financial deals.
Meanwhile, a fintech expert said that the quick growth of stablecoins is creating tension for traditional banks and could leave Europe behind, Yahoo Finance stated. These concerns parallel recent data from Iran, where a protracted banking disruption has kept many citizens locked out of their money, according to Iran International. On Wall Street, Oppenheimer shifted to a cautious stance on major U.S. banks while preferring specialized fund operators, Investing.com Canada noted.