Citigroup Inc. is shutting down most of its consumer banking operations in Asia, Europe and the Middle East, the latest sign that the original financial supermarket is rethinking how to do business. …
Read More »Should I feel sorry for them? No ‘- bankers scoff at Goldman Sachs juniors poll
A stinging presentation leaked by disgruntled Goldman Sachs analysts describing 100-hour weeks, deteriorating mental health and threats to quit smoking has attracted little sympathy from city bankers. After all, the grueling hours …
Read More »Texas grid operator discussed financing with Goldman as power buyers resist payment shortfall
The Texas grid operator has been in talks with financial institutions, including Goldman Sachs Group Inc., about possible financing options to address a deficit of more than $ 3 billion in electricity …
Read More »Jane Fraser is getting better at Citigroup
Jane Fraser wants to simplify Citigroup Inc., the original megabank. That will not be easy. On Monday, Ms. Fraser takes over as CEO of the third-largest bank in the US Once the …
Read More »SPACs face a new test: a wave of deals focused on Asia
Thousands of miles from Wall Street, the boom in blank check companies is taking hold in a region where major stock exchanges do not allow companies to raise money for unspecified uses. …
Read More »SPACs face a new test: a wave of deals focused on Asia
Thousands of miles from Wall Street, the boom in blank check companies is taking hold in a region where major stock exchanges do not allow companies to raise money for unspecified uses. …
Read More »BofA divided as banker cry foul over special bonus treatment
Photographer: Scott Ells / Bloomberg Photographer: Scott Ells / Bloomberg Anger is brewing in senior range Bank of America Corp waived an unpopular new bonus policy for top traders and traders while …
Read More »Morgan Stanley says these copper-exposure shares may rise in 2021
Analysts at Morgan Stanley said that copper-exposure shares could be set to rise in 2021 and the buying opportunity could be in the corner. Copper prices HG00, + 0.42% At the end …
Read More »JPMorgan Profit reserves 42% of bad loans after bank loans
JPMorgan Chase & Co. posted its highest quarterly profit after issuing $ 2.9 billion, which it set to cover individual debts. The bank’s profit rose 42% to $ 12.14 billion, or $ …
Read More »Goldman Sachs says the S&P 500 will grow 14% in 2021. Here is the road map
Global markets rally with the expectation that massive economic stimulus will coincide with the launch of President-Elect Joe Biden’s new administration, Goldman Sachs, that the S&P 500 ends at 4,300 points in …
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