GOLDMAN Sachs Group cut chief executive officer (CEO) David Solomon’s compensation by about 30 per cent to US$25 million for 2022, a year in which the share price and profit tumbled and the firm retreated from a highly public effort to create a consumer bank.
VISA said on Friday (Jan 27) the antitrust division of the US Department of Justice (DOJ) had issued investigative demand earlier this month seeking documents and information about US debit card practices and competition with other payment networks.
THE Federal Reserve’s preferred inflation measures eased in December to the slowest annual paces in over a year while consumer spending fell, helping pave the way for policymakers to further scale back the pace of interest-rate hikes.
THE US dollar edged up on Friday (Jan 27) to pull away from multi-month lows against the euro and sterling, as investors began to train their sights on a slew of major central bank meetings next week.
AMERICAN Express missed market estimates for fourth-quarter profit on Friday as the credit card giant stockpiled more rainy-day funds to prepare for a worsening economy, wrapping up a turbulent quarter for major US card companies.
BILLIONAIRE Jihan Wu is reshuffling the leadership of his asset manager while shedding 10 per cent of staff at his digital-currency lending firm, the latest signs of turmoil in the crypto industry.
THE latest Singapore Savings Bond (SSBs) allotted on Friday (Jan 27) attracted fewer applications than the amount offered, as the fiscal product’s 10-year average return fell below 3 per cent.
THE baht is set to extend its rally as the Chinese reopening buoys the outlook for tourist arrivals, helping propel Thailand’s growth this year to the highest in five years, according to the nation’s Finance Ministry.
