Goldman Sachs Surpasses Earnings Expectations Amid Rising Investment Banking Fees
TL;DR Summary
Goldman Sachs reported strong second-quarter results with a 150% profit increase, but faces challenges due to higher capital requirements imposed by the Federal Reserve following a poor stress test performance. The bank's shift towards asset management and fee-based income hasn't convinced regulators, leading to increased capital requirements. Additionally, work habits from banking are influencing other industries, with professionals finding it hard to take time off.
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