SAUDI ARABIA is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister, in what could be another challenge to the greenback’s hegemony.
GOLDMAN Sachs Group on Tuesday (Jan 17) reported a bigger-than-expected 69 per cent drop in fourth-quarter profit due to heavy losses in its consumer business and a slump in dealmaking that hit its investment banking unit.
BLACKROCK’S chief executive officer Larry Fink said that the narrative around environmental, social and governance (ESG) investing has become ugly, and is creating “huge polarisation”.
MORGAN Stanley beat analysts’ estimates for fourth-quarter profit on Tuesday (Jan 17) as the investment bank’s trading business got a boost from market volatility, offsetting the hit from sluggish dealmaking.
MORGAN Stanley beat analysts’ estimates for fourth-quarter profit on Tuesday (Jan 17) as the investment bank’s trading business got a boost from market volatility, offsetting the hit from sluggish dealmaking.
CREDIT Suisse Group chairman Axel Lehmann has warned employees to brace themselves for bonus cuts, as the Swiss lender embarks on a painful and costly turnaround following a grim year that forced it to tap shareholders for fresh funds.
A SINGAPORE court has extended the creditor protection period for crypto lender Vauld to Feb 28, as the company has yet to come up with a revival plan, said a source familiar with the matter.
A SINGAPORE-BASED consortium led by Atlas Consolidated, the parent company of wealth and savings app Hugosave, has obtained a no-objection certificate by the State Bank of Pakistan.
NOMURA Holdings has cut 18 Asian banking jobs, most of them China-focused investment roles, as a result of a sharp slowdown in dealmaking activities, according to two sources with direct knowledge of the matter.
