Tag: Banking
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To reduce asset management expenditures that dragged on profits: Goldman Sachs
According to a senior executive, the $59 billion in alternative investments that have been a burden on the bank's revenues would be greatly reduced...
As inflation hits, CB staff’s trust in leadership is eroding, based on a survey
According to a study by the trade union IPSO, personnel at the European Central Bank are losing faith in the institution's leadership as a...
Hopeful yen relies on BOJ policy turn; dollar slumps in a pit
As traders increased their wagers that the Bank of Japan could make additional adjustments to its yield management policy at its session this week,...
Job losses at Goldman hurt investment bank and overseas trade severely
According to a source familiar with the situation, Goldman Sachs (GS.N) started terminating employees on Wednesday as part of a broad cost-cutting initiative. The...
Significant rate hike by BoC, hinted to be the last of its kind for now
On Wednesday, the Bank of Canada increased its benchmark nightly interest rate by 0.5 percentage points to the top level in nearly 15 years,...