by Brian Pillmore | Dec 9, 2022 | Banks, Business, Financial, News
By: Ken Chase U.S. financial firm Morgan Stanley eliminated about 1,600 of its more than 81,000 employees on Tuesday, a roughly 2% reduction in its workforce. According to reports, the cuts were broad-based and impacted nearly every area of the company except for the...
by visbanking | Nov 28, 2022 | Banks, News
By: Ken Chase. The U.S. Securities and Exchange Commission recently confirmed that it had settled charges against Goldman Sachs Asset Management. GSAM had been charged by the regulator for issues related to its failure to follow the company’s own environmental,...
by visbanking | Nov 28, 2022 | Banks, News
A recently completed banking review by the Federal Deposit Insurance Corporation and Federal Reserve warned Citigroup that the bank needs to improve its financial data management. The review’s authors warned the bank that the current deficiencies in those processes...
by visbanking | Nov 28, 2022 | Banks, News
By: Ken Chase Embattled Swiss firm Credit Suisse received some good news this week as shareholders gave their approval to the lender’s plan to raise $4.2 billion. That approval greenlights the firm’s plan to raise capital from the Saudi National Bank, which will...
by visbanking | Nov 15, 2022 | Banks, News
By: Ken Chase. Bloomberg reported this week that a decline in investment deals has forced banking giant Citigroup to eliminate dozens of trading personnel in its investment banking division. The move comes in the wake of reports that the company’s investment...
