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Goldman under pressure, but cost cuts on track

$1 bill Cut by Scissors

Goldman Sachs reported a higher second-quarter profit on Tuesday, as it benefited from a sharp decline in expenses and more activity in some parts of the fixed-income markets, but most of its businesses came under pressure.

PIMCO appoints next CEO

Pimco Logo

PIMCO has announced that the firm’s Managing Directors have appointed Emmanuel (Manny) Roman as PIMCO’s next Chief Executive Officer.

Goldman bosses in social thing

Lloyd Blankfein

As Lloyd Blankfein huddled with David Solomon and Stephen Scherr at Scherr’s home in Sagaponack, it seemed there was a Goldman Sachs dress code in effect.

Ex-UBS trader banned for currency rigging

English money

The U.S. Federal Reserve banned former UBS trader Matthew Gardiner from the banking industry for life for rigging currency benchmarks, the first U.S. penalty against an individual in the three-year investigation.



Do not Block Doorway

JPMorgan said to have blocked FT website

JPMorgan Chase blocked employees from using the Financial Times website over concerns some may have breached copyright rules by copying and pasting its content, according to people familiar with the matter.