Net profit Q4 share of 1.8 billion euros compared to forecast of 951 millionThe period concludes the restructuring programQ4 investment banking revenue disappointsStocks drop as much as 5% before recouping…
NEW YORK, Jan 17 (Reuters) - The financial fortunes of Wall Street investment banking titans have split, with Morgan Stanley (MS.N) enjoying higher wealth management revenue while Goldman Sachs (GS…
Jan 17 (Reuters) - Goldman Sachs Group Inc (GS.N) reported a bigger-than-expected 69% drop in fourth-quarter profit on Tuesday as it battled a drop in deals, lower revenue from the…
NEW YORK, Jan 17 (Reuters) - Wall Street banks saw deep declines in investment banking business in the fourth quarter, prompting thousands of job cuts, but executives are looking for…
Jan 17 (Reuters) - Decades-high inflation and the impact of war in Ukraine have forced European companies to lay off or freeze hiring.Here are some of the companies that have…
NEW YORK, Jan 17 (Reuters) - Bond traders are once again stars on Wall Street.Fixed income, foreign exchange and commodities (FICC) traders bolstered bank profits last year despite weak markets.…
NEW YORK, Jan 13 (Reuters) - JPMorgan Chase & Co (JPM.N) and Bank of America Corp (BAC.N) have continued to recruit staff as the economy slows, even after the ranks…
Jan 13 (Reuters) - JPMorgan Chase & Co (JPM.N), the largest lender in the United States, said on Friday it had set aside $1.4 billion ahead of a mild recession,…
Goldman cuts about 3,200 jobs worldwideGlobal downturn and transaction crisis hit industryFired bankers go to LinkedIn and hire headhuntersSenior executives may struggle to find comparable positions - recruitersSYDNEY/HONG KONG/LONDON, Jan…
LONDON, Jan 11 (Reuters) - Banks have started cutting jobs around the world, hit by cost pressures from inflation and falling earnings in many core business sectors in markets volatility…