Tag: Banking
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...
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...
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...
Before a change in strategy, Credit Suisse is in the news
With only a few days left before announcing a significant strategy rewrite, Credit Suisse (CSGN.S) is working quickly to finalise sales of business units...
Credit Suisse still at the centre; prior that is the change...
On Monday, when markets placed Credit Suisse (CSGN.S) under close examination, the bank's shares and bonds experienced precipitous declines.Insisting that its capital & liquidity...
Central banks increase rates once more as the Fed fights inflation
In a coordinated effort to combat global inflation that is upending financial markets and the economy, several central banks from all over the world...
Congress to question the heads of major U.S. banks on consumer...
This week, lawmakers will question the top executives of JPMorgan, the Bank of America, Wells Fargo, Citigroup, and other significant U.S. retail banks on...
BOJ appears to be preparing for currency intervention by checking FX...
As authorities increased their cautions about sudden drops in the yen, the Nikkei newspaper stated on Wednesday that the Bank of Japan has performed...
HSBC aggressively pitches a growth plan to irate investors
A day after rejecting a pull-back plan by its top investor, HSBC officials on Tuesday reaffirmed the lender's business strategy of operating as a global...
