Goldman boosts revenue, profit and staff in Japan

Tokyo International Airport

Goldman Sachs seized on Japan’s buoyant stock market and local companies’ appetite for mergers to become the only large foreign investment bank to boost revenue, profit and headcount there last fiscal year.

Bloomberg News reports that other banks such as Citigroup and BNP Paribas also saw improved results from their Japanese operations, though the number of employees at those institutions dropped during the 12 months through March, according to regulatory filings reviewed by Bloomberg.

As well as the overseas expansion drive by Japanese companies, which bolstered fees on merger and acquisition transactions, Goldman and other global banks benefited from increased investor appetite for Japanese shares, which pushed the Nikkei 225 Stock Average to a 15-year high in February.

To access the complete Bloomberg News article hit the link below:

Goldman Stands Out in Japan With Rising Profit, Revenue and Staff

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