In a time marked by public anger at banks,tougher rules,geopolitical havoc,the pandemic and some treacherous market swings,the six giants of US banking have not only survived,but pulled in their biggest profits ever.
Finance industry bodies welcome the government’s move to start developing a climate disclosure regime.
Big banks used to avoid touchy political issues that could interfere in business. But US giant Citigroup hasn’t shied away,making moves guided by an unlikely figure.
In the space of three minutes,10 high-profile investors threw more than $2 million into the hat at the annual Sohn Hearts&Minds conference in Hobart.
A former IT worker at the investment bank was told his work with the Greens “may not be complementary” to the work he was doing at the group.
The world’s richest person has pledged to close his $68 billion deal to buy Twitter in what is a ludicrous overpay. His bankers are trapped and resigned to a very expensive fate.
At first glance,Jasper Lau’s investment firm is just like any other trying to strike it rich in the world of startups.
Credit Suisse will survive but with history as a guide,it should have known better. And as economic conditions worsen,it won’t be the only wealth titan left exposed.
Wild share price gyrations show the difficulty for Credit Suisse in managing the febrile confidence of investors as it rushes to devise a repair plan for its investment bank.
The board of Credit Suisse is in hot water and unfortunately for it the comparisons with the collapse of Lehman Brothers reflects on the level of fear surrounding the continued future of the Swiss bank.
Slowing demand and sinking markets put an end to a period of record-setting profits for the America’s biggest banks,but that doesn’t mean a recession is imminent.