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