Goldman Sachs, which advises clients on more than $1tril of investments, applied to own and trade Saudi Arabian stocks directly after rules were changed last month, two people with knowledge of the plan said.
Nomura has announced that it has signed an agreement with Japan Post Bank, Japan Post, and Sumitomo Mitsui Trust Bank, to establish a new asset management company and develop asset management products.
The Federal Communications Commission has approved the acquisition of DirecTV by rival AT&T for $48.5bn, but with one especially large catch that the regulator’s chairman, Tom Wheeler, said “would directly benefit consumers”: the new mega-company has to build a network 10 times the size of AT&T’s current network of fiber optic cable.
Already among the top donors to Hillary Clinton's political career, megabank employees have funneled big money into her campaign.
Addressing the future performance of the group.
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Europe's big banks have been witnessing a management shake-up that could help boost the long-term prospects of the banking sector, analysts say.
Wall Street money managers don’t have the intestinal fortitude they once had, according to a recent study.
JPMorgan has rehired a trader from HSBC as the bank sets up prime brokerage operations in South Africa for the first time.
Point72 Asset Management, the firm that oversees billionaire Steven A. Cohen’s wealth, reassured employees that its planned expansion to London remained on track, despite Britain’s decision to leave the European Union.
Britain is likely to enter a recession within the year as a result of last week's vote to leave the European Union, a decision that will stunt global economic growth as well, Goldman Sachs' top economists said on Sunday.
The UK has been stripped of its last AAA rating as credit agency Standard & Poor’s warned of the economic, fiscal and constitutional risks the country now faces as a result of the EU referendum result.