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Goldman to Cut $500m in Costs

The Blankfein Effect

Goldman Sachs plans to cut $500m of expenses this year, mostly from compensation, after reporting the lowest first-half revenue and earnings in seven years.

HSBC Apolozies For Compliance Errors


On Tuesday 17 July, HSBC appeared before the United States Senate Permanent Subcommittee on Investigations about a case history of U.S. Vulnerabilities to Money Laundering and Terrorist Financing.

City Leaders Predict ‘Worse to Come’ for Eurozone Crisis

European Flag

A survey by TheCityUK reveals that 7 out of 10 (71%) leading figures across the financial services sector think that ‘worse is yet to come’ for the eurozone crisis, while two thirds (65%) believe the survival of the eurozone is essential to the UK’s long term economic growth.