Citi's new banking head Viswas Raghavan begins as CEO hails his 'intensity'Raghavan previously served as JPMorgan's CEO in the Europe, Middle East and Africa (EMEA) region, while also leading its investment and cor...
05 Jun, 2024, 07.01 AM IST
Wall Street bank bosses warn lawmakers of economic toll from tough new rulesThe industry has been waging a fierce campaign to kill the "Basel endgame" proposal, which overhauls how banks must calculate their loss-ab...
06 Dec, 2023, 10.24 PM IST
Morgan Stanley Q3 Results: Profit shrinks as deal slump lingersMorgan Stanley reported a 9% decline in profit for the third quarter, due to slow dealmaking, which caused its shares to drop nearly 3% in ...
18 Oct, 2023, 09.15 PM IST
Goldman Sachs weighs selling part of wealth business in broad strategy revampGoldman's wealth business has lagged behind rivals, including Morgan Stanley, where CEO James Gorman built the wealth management arm throug...
22 Aug, 2023, 07.53 AM IST
JPMorgan expects $3 bln income boost from First Republic dealThe largest U.S. lender agreed to take into its books $173 billion of the failed bank's loans, $30 billion of securities and $92 billion of...
22 May, 2023, 06.48 PM IST
Goldman Sachs profit falls in first quarter as dealmaking sputtersGoldman booked a $470 million loss on the sale as the bank rejigs its strategy after a foray into consumer banking, which Chief Executive D...
18 Apr, 2023, 07.06 PM IST
Goldman Sachs to cut thousands of employeesThe Wall Street bank had 49,100 employees at the end of the third quarter this year, after adding significant numbers of staff during the p...
16 Dec, 2022, 10.20 PM IST
Wall Street bonuses to plunge as much as 45% for bankers - studyBankers who underwrite equity or debt offerings are forecast to receive payouts that are 40% to 45% lower than in 2021, while their counter...
15 Nov, 2022, 06.01 PM IST
Airbnb to weigh 2021 listing on Silicon Valley ExchangeBy listing on the new exchange, Airbnb would be pledging to operate its business in a manner that complies with the exchange’s ESG standard...
13 Nov, 2020, 12.32 PM IST
Bankers face weekend work on Saturday’s test of NYSE shutdownAn NYSE employee who worked on the trading floor tested positive for the virus this week.
21 Mar, 2020, 03.45 PM IST
Robots in finance could wipe out some of its highest-paying jobsThe use of algorithms in electronic markets also poses a challenge for regulators.
08 Dec, 2019, 06.17 AM IST
When Warren Buffett's investment was blocked by BofA’s call centreBofA's CEO Moynihan recalled how Buffett initially tried to reach his company with a proposal eight years ago.
09 Oct, 2019, 09.34 PM IST
FX traders do $100 million deals on mobile as market transformsTraders conduct about 74 per cent of their notional volumes electronically on average.
22 Jan, 2018, 01.46 PM IST
World's biggest market has just put up a sign: Humans not allowedAutomation has gained favor after some of the biggest banks were entangled in currency-rigging.
07 Nov, 2017, 01.17 PM IST
Goldman, Deutsche Bank say pound plunge is just getting startedAfter falling to a 31-year low Wednesday, sterling may sink another 7 percent to 11 percent this year in the aftermath of the U.K.’s Brexit...
10 Jul, 2016, 11.59 AM IST
Currency market on alert for Yen intervention amid Brexit strifeThe yen surged to the strongest in almost two years against the dollar this week as investors sought refuge before the June 23 British refe...
18 Jun, 2016, 04.04 PM IST
Dollar's gain is companies' pain as currency woes extend to 2016While Wall Street firms see a 4.8% rebound in full-year 2016 profits, that's about half the growth rate they were projecting as recently as...
27 Jan, 2016, 04.00 AM IST