• Business & Finance

    Fintechs, community banks and the future of small-business finance

    Dr. Miquel Velazquez doesn’t have a lot of bandwidth to manage the flow of money in and out of his medical practice. “I have a staff of one plus myself, so I can’t put a lot on her plate in terms of figuring out our business needs,” said Velazquez, a doctor in Westbrook, Maine, who provides muscular treatments out of a single office. “I have to handle whatever comes up that needs attention.” While Velazquez might seem like the prime target for a digital payments startup that promises a wide range of services through the web, he instead went with  

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  • Business & Finance

    Goldman Sachs cashes in on M&A wave to cap stellar quarter for U.S. banks

    Oct 15 (Reuters) – Goldman Sachs Group Inc (GS.N) on Friday reported a 66% surge in third-quarter profit that smashed expectations, as Wall Street’s biggest investment bank rode a record wave of M&A activity and initial public offerings. The bank posted profits of $5.28 billion up from $3.23 billion a year ago, capping a stellar quarter for Wall Street lenders, which have benefited from a rebounding U.S. economy, soaring equity markets and a global deal-making bonanza. Shares of Goldman Sachs were up 2% in mid-morning trading. Global M&A volumes have shattered all-time records, with deals worth over $1.5 trillion inked  

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