Banking
Goldman Sachs profit jumps 28% on investment banking strength
GOLDMAN Sachs profit rose 28 per cent in the first quarter, buoyed by a recovery in debt underwriting and dealmaking that boosted its investment banking unit, it reported on...
Goldman Sachs’ profit beats as investment banking fuels highest earnings since 2021
GOLDMAN Sachs’ first-quarter profit beat Wall Street estimates as a recovery in underwriting and dealmaking boosted its investment banking unit, helping it post the highest earnings per share since...
China central bank keeps policy rate unchanged, drains cash from banking system
CHINA’S central bank on Monday left a key policy interest rate unchanged as widely expected when rolling over maturing medium-term loans, and drained some cash from the banking system...
Fintech Revolut receives Mexican banking authorisation, eyes expansion
FINTECH company Revolut received a banking license in Mexico and is preparing to expand operations in Latin America’s no. 2 economy, the company said in a press release on...
Italy has room to consolidate banks: UBS chief
UBS Group chief executive officer Sergio Ermotti sees the potential for consolidation among Italian banks as a way to strengthen the country’s financial institutions.In an interview with Il Sole...
Bankers in Europe push back as ECB conducts new ESG risk review
THE European Banking Federation (EBF) says lenders in the region won’t be able to compete with their US rivals if regulators continue to pile on environmental, social, and governance (ESG)...
Apac investment banking fees tumble in Q1: London Stock Exchange
ASIA-PACIFIC, excluding Japan, generated an estimated US$4.4 billion worth of investment banking (IB) fees in the first quarter of 2024, down 29 per cent on the year, despite a...
Apac investment banking fees tumble in Q1: London Stock Exchange
ASIA-PACIFIC, excluding Japan, generated an estimated US$4.4 billion worth of investment banking (IB) fees in the first quarter of 2024, down 29 per cent on the year, despite a...
