Summary Mass redundancies, spending review beckon for Wall Street titan Reductions to all major divisions expected, worldwide Restructuring in Asian wealth unit kicks off Wednesday's layoffs Goldman Sachs (GS.N) began ...
Microsoft Corp (MSFT.O) fell behind big technology peers on U.S. exchanges on Wednesday as its shares plunged 5.3% following a downgrade by brokerage UBS on concerns over slowing growth for ...
Silvergate has allegedly laid off 200 members of its staff, which is nearly 40% of its total number of employees. The FTX saga has triggered a bank run on Silvergate, ...
Global hedge funds are set to mark their worst returns in 14 years this year after aggressive U.S. interest rate hikes hit asset prices hard, however, their losses are overall ...
The Bank of England lifted its key interest rate to 3.5% from 3% on Thursday, its ninth successive rate hike as it attempts to accelerate inflation's return to target after ...
U.S. lawmakers have unveiled a bipartisan bill to curb Chinese tech company Huawei Technologies Ltd and Chinese 5G firms, barring them from accessing U.S. banks. The bill, sponsored by Republican ...
For over a decade, Chinese developers’ debt-fuelled construction boom enriched the country's shadow banks, who were set on capitalizing on the needs of an industry urgently requiring credit and too ...
The European Central Bank warned on Tuesday that it might suffer a loss as rising inflation forces it to hike interest rates and pays the price of a decade of ...
Germany’s Deutsche Bank (DBKGn.DE) has a stern warning to European firms borrowing from U.S. lenders: They will abandon you when times get hard. The warning, explained in an interview with ...
Chinese authorities are set to impose a penalty of more than $1 billion on Jack Ma's Ant Group, said six sources with first-hand knowledge of the matter, laying the groundwork ...
