Tag: Banking
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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,...
Britain will permit banks to accept more volatility in order to remain viable
To maintain the City of London's position as a preeminent global financial centre, Britain will reform its banking regulations to permit banks to take...
Details of Credit Suisse’s $4 billion capital raising strategy are revealed
Embattled bank Credit Suisse (CSGN.S) on Monday provided further information about its strategy to collect 4 billion Swiss francs (about $4.01 billion) from its...