Investment Banking Industry News
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Analysis: Britain's new vision leaves onlookers with nightmares
LONDON, Sept 24 (Reuters) - Britain's new economic agenda represents the biggest gamble for growth in a major Western democracy in at least 40 years, for which the chance of success fell instantly as investors ditched sterling assets. Prime…
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Credit Suisse aims for stronger franchise from global review
HONG KONG, Sept 24 (Reuters) - Credit Suisse's (CSGN.S) top two executives have told staff the bank is working to establish a stronger franchise in the longer term, according to a memo seen by Reuters on Saturday, amid uncertainty over a global…
GOP 'Commitment to America' platform features Russian stock footage, fake Lincoln quote
House GOP leaders on Thursday released a video promoting their 'Commitment to America' agenda. Footage from the video passes off stock images of Ukraine and Russia as the US, HuffPost reported. In a letter to House members, Minority Leader McCarthy…
Goldman Sachs: Newly-unredacted document alleges dozens of incidents of 'sexual assault and harassment' at firm, lawsuit says
(CNN) A newly-unredacted document alleging an 'uncorrected culture of sexual assault and harassment' at investment bank Goldman Sachs states that at least 75 incidents of alleged sexual assault and harassment were reported between 2000 and 2011.
Scottish fund managers and US bankers to flock to London as Kwarteng fires up the City
Scottish fund managers and bankers from New York are set to move to England in droves as Liz Truss's mini-Budget makes London a more attractive place to do business. The end of the European Union-era bonus cap means the UK is more competitive again…
Jeremy Corbyn brands Tory mini-budget borrowing 'irresponsible'
Former Labour leader Jeremy Corbyn has blasted Conservative plans to borrow billions while cutting taxes as financially “irresponsible”. The pound plummeted to 37 year lows against the dollar after Chancellor Kwasi Kwarteng announced…
India and the Kindleberger Trap: Multipolarity Amid the Taiwan Crisis
In September 2019, India's External Affairs Minister S. Jaishankar in his statement at an Alliance for Multilateralism meeting unambiguously stated that “the Kindleberger Trap on the shortage of global goods is far more serious than the…
11 books that took Jeff Bezos to the top
For Amazon and Blue Origin founder Jeff Bezos, books are an integral part of his journey. The self-made billionaire propelled his way to the spot of the second richest man on Earth after founding the e-commerce site, which started as an online…
Crypto exchange ZebPay's CEO Avinash Shekhar quits; to launch his own web 3.0 start-up
As the going continues to get tougher for Indian cryptocurrency start-ups, ZebPay Chief Executive Officer (CEO) Avinash Shekhar has decided to move on. This comes a month after Chief Financial Officer (CFO) Tarun Jain left the company, multiple…
The Speaker's Lobby: The 'Uber-Woke' Sweepstakes
Talk about bear markets, the gross domestic product and opportunity costs was almost an afterthought when the CEO's of the nation's mega-banks testified before the Senate Banking Committee recently. What stole the show was a debate 'woke'…
Dollar bond yields skyrocket after PM's debt relief appeal
KARACHI: The price of Pakistan's US dollar-denominated global bonds – Eurobond and Sukuk – slumped while their yields skyrocketed at world markets after Prime Minister Shehbaz Sharif appealed for debt relief from rich nations to cope…
Goldman Sachs: A Buy At Tangible Book Value (NYSE:GS)
Investment banking giant Goldman Sachs (NYSE: GS) has had an eventful couple of years. The stock doubled not that long ago thanks to sharply improved profits in 2021. Since then, however, the stock has slipped back to near 52-week lows as the…
Markaz expands services with the launch of Margin Trading
Kuwait: Kuwait Financial Centre “Markaz” announced the launch of its newest service, Margin Trading, a service offered to clients who seek to optimize their returns through leverage. The launch of this new service falls in line with…
Credit Suisse's former executive says the US regulatory clarity will start a new bull run
Join Our Telegram channel to stay up to date on breaking news coverage The crypto industry has seen a massive bull run in the second half of 2020 and throughout 2021, eventually ending the year with the start of the new crypto winter. After…
Britain's new vision leaves onlookers with nightmares
LONDON - Britain's new economic agenda represents the biggest gamble for growth in a major Western democracy in at least 40 years, for which the chance of success fell instantly as investors ditched sterling assets. Prime Minister Liz Truss's…
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