Citigroup to Close Down Global Distressed-Debt Business: Here's What to Know
Citigroup Inc. is reportedly closing its global distressed-debt group as it undergoes further restructuring under CEO Jane Fraser's leadership.
Investment banks
UPS Picks Goldman Sachs to Oversee Its $43.4 Billion Pension Funds
UPS has picked banking giant Goldman Sachs to handle its $43.4 billion pension fund assets in the United States and Canada.
Embattled New York Community Bancorp to Sell $5 Billion of Mortgage Warehouse Loans to JPMorgan Chase
New York Community Bancorp (NYCB), a regional lender facing financial challenges, has announced its agreement to sell approximately $5 billion in mortgage warehouse loans to JPMorgan Chase...
JPMorgan Chase Australia Fined Over $500,000 for Allowing Suspicious Client Orders on Wheat Futures Trading
The JPMorgan Chase in Australia has been fined A$775,000 ($509,252) for permitting suspicious client orders on wheat futures trading...
US Banks See Loan Demand Drop, Fed Survey Says
US banks have observed a fresh decline in loan demand for industrial purposes and household demand for credit during the first quarter of the year, according to a Federal Reserve survey...
Goldman Sachs Removes Bonus Cap for UK Bankers
After the UK removed local pay restrictions for bankers last year, Gol...
JPMorgan Chase to Pay a Civil Penalty of $100 Million Over Trade Reporting Gaps
JPMorgan Chase is expected to reach a resolution with a third US regul...
Latest News
Goldman Sachs Says 'The Great Disinflation' Is Under Way, Setting the Stage for 5 Eventual Fed Rate Cuts
The chief economist of Goldman Sachs is anticipating the end of the pandemic-era inflation soon, as the world economy has now entered a period of "The Great Disinflation."
Citigroup's Plan to Set up Securities Business in China Faces Delay
Citigroup Inc. is reportedly facing delays in its plans to establish a fully-owned securities business in China.
Chuck E. Cheese Reportedly Taps Goldman Sachs to Help With Potential Sale
Chuck E. Cheese, the popular US restaurant chain that came out from bankruptcy three years ago, is reportedly considering a sale amid acquisition interest.
JPMorgan Chase Says Ethereum Will Outperform Bitcoin, Other Cryptocurrencies in 2024
JPMorgan Chase analysts foresee a potential shift in the cryptocurrency market dynamics next year, predicting that ethereum will outperform bitcoin and other cryptocurrencies.
JPMorgan Chase Reportedly Plans to Outsource $500 Billion Custody Business in Hong Kong, Taiwan
JPMorgan Chase is reportedly planning to outsource its local custody business operations in Hong Kong and Taiwan.
JPMorgan Chase Gives Gloomy Outlook, Says 99% of Americans Will Be Worse off Financially in 2024 Than Pre-Pandemic
JPMorgan Chase claims that 99% of Americans have already exhausted the excess savings they accumulated during the COVID-19 pandemic.
JPMorgan Chase Is Ready to Leave China if Ordered by US Government, Bank CEO Jamie Dimon Says
JPMorgan Chase CEO Jamie Dimon said Wednesday that the bank would leave China if directed by the US government.
Goldman Sachs Says Global Economic Growth in 2024 Will Exceed Expectations
Goldman Sachs Research is boldly predicting that the global economy is poised to outperform expectations in 2024, demonstrating resilience in the face of recent challenges.
