Tag: investment bank


Goldman planning another round of job cuts amid chill in banking

May 30, 2023

Via: American Banker

Goldman Sachs is considering another round of job cuts amid a muted dealmaking environment that has dented revenues across Wall Street. The investment bank is working on what would be its third round of job cuts in under a year, […]


Goldman Sachs to cut up to 3,200 jobs starting midweek: report

January 9, 2023

Via: Banking Dive

Goldman declined to comment on the reported cuts, but a source within the bank confirmed to Banking Dive the round of cuts will not exceed 3,200. That figure is lower than the 4,000-employee ceiling Semafor and other news outlets reported […]


Credit Suisse to trim 9K jobs, break up investment bank

October 27, 2022

Via: Banking Dive

Credit Suisse plans to cut 9,000 jobs over the next three years as part of a wide-ranging revamp it announced Thursday. About 2,700 of those cuts will come in the fourth quarter, the bank said. Credit Suisse also outlined its […]

Activity, Capital and Risk, Credit, Investment Banking

JPMorgan Chase’s trading revenue, consumer and commercial loans fall

January 14, 2022

Via: American Banker

JPMorgan Chase posted a decline in trading revenue that was steeper than analysts expected, and both commercial and consumer loans fell from a year earlier. Shares of the company dropped after the firm reported a 16% slide in fixed-income trading […]


Goldman Sachs names Denis Coleman new CFO

September 14, 2021

Via: Banking Dive

Scherr is retiring after almost three decades with Goldman Sachs. He first joined the New York City-based bank as an associate in 1993, and served in a number of roles at the firm before rising to CFO in 2018. Notably, […]

Activity, Investment Banking

Deutsche could scatter half of its New York staff within 5 years, exec says

December 15, 2020

Via: Banking Dive

The prospect of moving teams to lower-cost areas isn’t new. Goldman Sachs, for example, has based staff in Salt Lake City since 2000. Dallas, too. And last week, it reportedly was considering moving its asset-management arm to South Florida. Executives […]

Activity, Corporate Banking

JPMorgan to conduct pay analysis, pay $9.8M to settle DOL claim that it underpaid women

November 11, 2020

Via: Banking Dive

JPMorgan is not the only big U.S. bank to settle with the OFCCP this year. Wells Fargo agreed in August to make job offers to 580 applicants and pay $7.8 million in back wages and interest to settle allegations of […]

Activity, Investment Banking

Goldman eyes up merger with Wells Fargo, PNC & US Bancorp on its shortlist

May 18, 2020

Via: Banking Technology

The development was first revealed in a tweet by the publication’s senior correspondent, Charles Gasparino, saying that sources told him Goldman Sachs’ “weakening biz model” would “force a merger.” The report highlights that the need for Goldman to grow, particularly […]

Capital and Risk, Credit, Retail Banking

Goldman Sachs, the white-shoe investment bank, launches installment loan business with JetBlue

April 10, 2020


Goldman Sachs is taking another step into the world of retail banking with an installment loan product that’s launching with JetBlue Airways. The bank quietly released a website for something called MarcusPay this week, allowing users to break up big-ticket […]

Activity, Trading

Deutsche Bank shares hit record low as UBS downgrades stock to ‘sell’

May 20, 2019


Shares of Deutsche Bank hit a record low Monday, down nearly 3%, after UBS downgraded the German lender’s stock to a “sell” rating from “neutral.” Pointing to tough external events and the low interest rate environment, UBS slashed its price […]

Activity, Investment Banking

12 Bank Stocks Goldman Sachs Wants You to Buy Immediately

June 4, 2018

Via: TheStreet

Goldman Sachs thinks higher interest rates and deregulation will be music to the ears of investors in banks. The investment bank’s chief equity strategist David Kostin expects the S&P 500 to rise by 5% to 2,850 by year end. Kostin […]


Goldman Sachs to open crypto-trading desk

May 3, 2018

Via: Market Watch

The push for widespread adoption of cryptocurrencies got a boost Wednesday when U.S. investment bank Goldman Sachs Group GS, -1.80% announced it would be opening a cryptocurrency trading desk. In an interview with the NY Times, Goldman executive Rana Yared, […]