Goldman Sachs Group Inc had to write down its loan to the troubled Portuguese bank Banco Espirito Santo SA in the fourth quarter, cutting the bank's profit and some employees' bonuses, people familiar with the matter told Reuters.
Breaking News
Johnson & Johnson (JNJ.N) agreed to pay $1.75 billion in cash to buy privately held Alios BioPharma Inc, which is developing a drug for a common respiratory viral infection in children for which there is no approved treatment.
ClubCorp Holdings hoped to raise more than US$100 million in an initial public offering of its stakes.
In an otherwise dismal year for Asia's investment banking industry, a ray of hope has appeared from the most unlikely of places: Malaysia.
Subscribe to VCpost newsletter
Most Popular
- Joe Biden Administration Sanctions Colombian Maritime Companies Preying on Vulnerable Migrants Seeking to Enter US
- Neuralink Co-Founder Implies He Left Elon Musk's Brain Implant Company Over Safety Concerns
- IRS Scrambles to Address Huge Gap in Audit Rates Between Black, Other Taxpayers
- Biden’s Economic Advisor Jared Bernstein Awkwardly Explains How Money Works
- Social Security and Medicare Get Boost From Stronger US Economy, But Funds Expected to Run Short in 2035
- Americans Brace for Another Round of Higher Housing Costs, NY Fed Survey Shows
- Hims & Hers CEO Responds to Backlash After Facing Stock Plunge Over Comments Praising Anti-Israel Protesters
- Xi Jinping Urges France to Resist 'New Cold War' Amid EU's Shift Towards US Alliance
