Core Viewpoint - A U.S. Judge has dismissed an antitrust lawsuit against 10 major banks, indicating a lack of evidence for collusion or market manipulation in corporate bond pricing [1][6]. Summary by Sections Lawsuit Overview - The lawsuit involved allegations against Bank of America, JPMorgan, Morgan Stanley, Citigroup, and Barclays, among others, claiming they manipulated corporate bond prices to the detriment of retail investors [1][2]. - Investors accused these banks of imposing excessive charges on "odd-lot" trades, which are trades valued under $1 million or involving fewer than 1,000 bonds, leading to profits that were significantly inflated by 25% to 300% compared to larger "round-lot" trades [2]. Legal Proceedings - The case was initially dismissed in October 2021 by U.S. District Judge Lewis Liman, who later disclosed a potential conflict of interest due to his wife's holdings in Bank of America [3]. - In July 2024, the federal government appealed the dismissal, citing concerns over Liman's impartiality [3]. Court's Findings - U.S. District Judge Valerie Caproni stated that investors did not provide sufficient evidence to prove that the banks conspired to manipulate pricing through their trading platforms or to exclude alternative platforms [4]. - Despite the banks controlling approximately 65% of underwriting and 90% of trading in corporate bonds, this did not equate to control over secondary market pricing [5]. - The court found no evidence of illegal activity in the four years leading up to the lawsuit's filing, which weakened the case under the Sherman Antitrust Act [5]. - The dismissal was issued with prejudice, meaning the lawsuit cannot be refiled [5].

Goldman Sachs and KKR are among lenders providing around €1.4 billion of one of the most expensive types of debt to back CapVest Partners’ acquisition of a majority stake in German drugmaker Stada Arzneimittel AG https://t.co/RXjEOE2v7s ...

Today in Bloomberg Deals: M&A fires up in India, Google avoids a breakup and Goldman sees lucrative lifelines in private equity https://t.co/Mvn03uFt6t ...

In Going Private, our newsletter on private markets, we look at Goldman's bet that 2026 will be a record year for M&A. https://t.co/pJxkJuD8F5 ...

Goldman Sachs’s top Asia banker sounded an optimistic note on Chinese equities amid resurgent flows and said the firm is hiring in Hong Kong and India https://t.co/iWRMBs1QSx ...

RT Luis 👾 (@luisvae)Really liked this chart from Goldman Sachs on the DeAI dispatch by @S4mmyEthAgents are already becoming profit capturers from SaaS businessesUnified interfaces are coming and about to radically change the way that users interact with any service. https://t.co/3SxKAfla8s ...

Core Viewpoint - Elevation Point has announced a strategic collaboration with Goldman Sachs to enhance its service offerings for independent advisors, providing access to a range of banking, lending, trading, asset management, and capital markets capabilities [2][3][4]. Group 1: Collaboration Details - The collaboration expands an existing agreement with Goldman Sachs Custody Solutions, which will now serve as a key custodian for Elevation Point [2]. - Goldman Sachs will provide primary services including lending, direct indexing, and custom models, as well as fixed income separately managed accounts (SMAs), custody, and capital markets services [3][4]. - This partnership aims to deliver tailored solutions to meet the evolving needs of independent advisors and their sophisticated clients [3][4]. Group 2: Strategic Goals - Elevation Point's partnership model allows independent advisors to maintain their autonomy while gaining access to essential growth resources and strategic guidance [3][4]. - The collaboration is expected to significantly expand Elevation Point's suite of open-architecture investment solutions, enhancing its family office solutions and streamlining the onboarding of high-performing advisory teams [4][5]. - The partnership is positioned to support the growth and long-term success of Elevation Point in the wealth management industry [4][5]. Group 3: Industry Context - Goldman Sachs brings extensive institutional expertise in investment management, banking, and capital markets, which complements Elevation Point's leadership and partnership model [5][7]. - The collaboration targets independent fiduciary-led advisors focused on delivering better investment outcomes for their clients, addressing a rapidly growing segment in wealth management [7].

Gemini announced its IPO plan to offer 16,666,667 Class A shares at $17–$19 each, aiming to list on Nasdaq under the symbol “GEMI.” Goldman Sachs and Citigroup lead the offering, with Morgan Stanley and Cantor also participating.https://t.co/fqd9YpJ7uX ...

President Trump says he's taking his case on tariffs to the Supreme Court. No surprise there. This comes after a federal appeals court ruled last night that most of his global tariffs are illegal, which is a massive blow to the core of the president's aggressive trade policy and economic vision.Here's a huge caveat, though. The judges said the tariffs can stay in place as the case proceeds. The ruling held that Trump does not possess unlimited power.Shocker. under the law to impose taxes on nearly all US im ...

WEEKLY BITCOIN NEWS RECAP 🟧🇺🇸 CFTC to clarify rules so Americans can trade on foreign exchanges.🇺🇸 U.S. govt posts GDP data on Bitcoin.💥 Tether to launch USDT on Bitcoin.🇹🇭 Thailand considers Bitcoin Reserve.🇯🇵 Japan considers Bitcoin Reserve.💰 Goldman Sachs has $470M Bitcoin exposure.Nation-states and institutions are lining up at the door. 🚪 ...