Feature Morgan Stanley terminates jobs in Asia Aya Anwar Apr 17, 2024 0 Morgan Stanley is trimming its investment banking workforce in Asia Pacific by at least 50 positions, sources…
Feature BofA profits decline in Q1 ’24 Aya Anwar Apr 16, 2024 0 Bank of America (BofA) witnessed a decline in its profits on Tuesday, attributed to reduced earnings from customer…
Commodities Gold closer to record high as geopolitical tensions escalate Nada Ali Apr 16, 2024 0 Gold prices edged higher on Tuesday, hovering near last week's record high, as escalating tensions between Iran and…
Banks Citigroup predicts BoE to reduce interest rates in June Nada Ali Mar 13, 2024 0 Citigroup predicts the Bank of England (BoE) will reduce interest rates this year, with the first cut likely in…
International News Goldman plans to expand credit portfolio to $300b Nada Ali Mar 12, 2024 0 Goldman Sachs Asset Management, a unit of Goldman Sachs Group, plans to grow its private credit portfolio to $300…
International News Citigroup predicts U.S. Fed to soar interest rate in Nov Mennatullah Hamzawy Sep 17, 2023 0 Citigroup expects the U.S. Federal Reserve (the central bank of the United States) to raise its key interest rate…
Banks Climate protestors accuse U.S. banks of being climate criminals Yassmine Elbehnaihy Apr 30, 2023 0 Climate protestors have called out US banks for investing in fossil fuel, by spray painting graffiti on Citigroup…
Banks Bank of America’s earnings increase, exceeding expectations Yassmine Elbehnaihy Apr 18, 2023 0 Bank of America (BofA) has reported on Tuesday a 15 percent increase in its first quarter profits, exceeding…
Money JPMorgan, other U.S. banks flooded with clients post SVB crash Sama Mousa Mar 14, 2023 0 A huge number of customers have applied to shift accounts to large U.S. banks such as JPMorgan Chase &Co. and…
Banks Citigroup raises CEO’s 2022 pay to $24.5mln Yassmine Elbehnaihy Feb 23, 2023 0 Leading bank Citigroup increases first female CEO of a major Wall Street bank, Jane Fraser’s compensation by nine…