Stock Chart for Citigroup Inc (C) Citigroup Inc. (C) plans to hire more commodities salespeople in a multiyear effort to add revenue and market share while some of its biggest rivals scale back. We have made great progress in the last couple of ... Bloomberg, 4 days ago
Citigroup Expands in Commodities as Biggest Rivals Plan Retreat - La Repubblica, 4 days ago
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European banks, which eliminated more than 140,000 jobs in two years, are poised to keep shrinking. Lenders in the region probably will cut at least 5 percent of trading and advisory staff next year, according to a survey of three London-based ...Bloomberg, 1 week ago
FORTUNE -- Goldman Sachs earned $1.4 billion in the third quarter, down 23% from the second. It maybe shouldn't have even earned that much. Unlike other banks, Goldman (GS) has been slow to shut down businesses that could soon be forbidden by the ...Fortune, 1 week ago Goldman still earns its money in soon-to-be banned ways Fortune, 1 month ago
Investment banking revenues in the current quarter are set to drop 7 percent from the third quarter and 14 percent from a year ago due to weakness in fixed income, commodities and currencies (FICC) and equities, analysts at JPMorgan say. Income in ...Yahoo! UK and Ireland, 2 weeks ago
Goldman Sachs Group Inc lost more than $1 billion on currency trades during the third quarter, regulatory filings show, offering some insight into why the firm, considered one of Wall Street's most savvy traders, reported its worst quarter in a key ...Reuters, 3 weeks ago Goldman Sachs burned by bad currency bets in 3rd quarter Reuters, 3 weeks ago CORRECTED-Goldman Sachs burned by bad currency bets in 3rd quarter Reuters UK, 3 weeks ago UPDATE 1-Goldman Sachs burned by bad currency bets in 3rd quarter MSN Money, 3 weeks ago
LONDON — Credit Suisse Group, the second-biggest Swiss bank, is setting up a new division to combine its rates, foreign-exchange and commodities operations as it cuts more than 100 fixed-income jobs in London and New York. The bank has appointed ...BDlive, 3 weeks ago Credit Suisse Sets Up New Fixed-Income Group After Bond Job Cuts La Repubblica, 3 weeks ago Credit Suisse Creates New Fixed-Income Group After Bond Job Cuts Bloomberg, 4 weeks ago Credit Suisse shake-up follows job cuts BDlive, 3 weeks ago
Nov. 4 (Bloomberg) -- UBS AG and Credit Suisse Group AG, Switzerland's biggest banks, may have to shrink their fixed- income, currencies and commodities activities if the nation's regulator imposes higher leverage ratios than currently planned, ...La Repubblica, 1 month ago
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* Regulators fine Dutch bank in rate-rigging scandal * Dutch minister attacks "shameless fraud" * Deutsche Bank, Lloyds profits hit by legal provisions * UBS forced to hold extra capital to deal with litigation By Sara Webb and Katharina Bart ...Sharenet, 1 month ago Cost of banking clean-up hits Deutsche and UBS anew Yahoo! India, 1 month ago Cost of cleaning up scandals takes toll on banks BDlive, 1 month ago WRAPUP 3-European banks pay heavy price for scandals Reuters, 1 month ago
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(Updates with analysts comment in seventh paragraph.) Oct. 29 (Bloomberg) -- UBS AG, Switzerland's biggest bank, said it probably won't be able to reach its profitability goal in 2015 after the Swiss regulator demanded the company hold more capital ...Washington Post, 1 month ago
ZURICH: Credit Suisse will shrink interest rate trading after revenue and profit at its investment bank slid in the third quarter, it said yesterday, further scaling back an area squeezed by strict new regulation and a drop in activity. Rivals ...Gulf Daily News, 1 month ago CSuisse underwhelms with plan to shrink interest rate trading Yahoo! UK and Ireland, 1 month ago UPDATE 2-CSuisse to shrink rate trading after investment bank slumps CNBC, 1 month ago Credit Suisse underwhelms with plan to shrink interest rate trading Interactive Investor, 1 month ago
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