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Business 22 Jan 2016 | 12:00 AM

Wall Street banks seen enduring deeper cuts to boost profits

NEW YORK: Wall Street banks just eked out their most profitable year since before the financial crisis by slashing budgets. Can they top that?

Banking 20 Jan 2016 | 2:05 PM

Goldman profit slumps after huge mortgage-backed bond settlement

NEW YORK: Goldman Sachs Group Inc’s profit slumped for the third straight quarter as a US$5bil (RM22bil) settlement of crisis-era legal claims hit earnings in a tumultuous final three months of the year.

Business 13 Jan 2016 | 12:00 AM

Ringgit snaps two-day gain

KUALA LUMPUR: Malaysia’s ringgit extended its worst start to a year since 2009 as a slump in Brent crude clouds the outlook for Asia’s only major net oil exporter just as uncertainty over China rattles global markets.

Business 20 Nov 2015 | 3:30 PM

Top foreign and local stories at 3.30pm

Top foreign and local stories at 3.30pm

Business 17 Nov 2015 | 8:47 PM

S'pore Exchange plans bond trading platform launch in Q1

SINGAPORE: Singapore Exchange Ltd (SGX) is looking to launch a corporate bond trading platform in the first quarter of 2016 as it seeks to expand its product suite in an effort to boost revenue, its CEO said.

Business 13 Nov 2015 | 12:00 AM

Morgan Stanley turns to retail banking

NEW YORK: Morgan Stanley, better known for underwriting bonds than for retail banking, plans to offer savings accounts and certificates of deposits next year to wring more profit from its wealth management clients, executives told Reuters.

Business 10 Nov 2015 | 8:12 AM

Wall Street bonuses expected to fall as much as 10%

NEW YORK: Wall Street bonuses are expected to decline for the first time since 2011, according to a study by compensation consulting firm Johnson Associates Inc.

Business 27 Oct 2015 | 12:00 AM

Can Chicago overtake New York as world's most important financial market?

NEW YORK: Chicago is challenging New York’s long-held position at the centre of what’s been called the world’s most important financial market.

Business 20 Oct 2015 | 8:58 AM

Breakfast briefing: Tuesday, October 20

Breakfast Briefing: Tuesday, October 20

Business 16 Oct 2015 | 8:39 AM

Breakfast briefing: Friday, October 16

Breakfast briefing: Friday, October 16