[NEW YORK] On Wednesday, Wells Fargo & Co told high-earning employees it would stop matching contributions to their 401(k) plans. By Friday, the bank reversed course.
1MDB SCANDAL
GOLDMAN Sachs Group, pilloried after the 2008 financial crisis, just saw a decade of image repair undone as prosecutors and regulators around the world unleashed accusations and punishments...
1MDB SCANDAL
GOLDMAN Sachs Singapore has been charged by the Singapore authorities to pay US$122 million over its involvement in the 1MDB scandal.
[NEW YORK] Credit card issuer American Express reported a nearly 40 per cent slump in quarterly profit on Friday, hurt by lower spending by its users, while it also set aside US$665 million for...
[SHANGHAI] Chinese fintech giant Ant Group's move to earmark a record 80 per cent of the Shanghai leg of its US$35 billion dual-listing for strategic investors has led to a scramble among smaller...
[NEW YORK] It's been getting cheaper for Japanese investors to hedge their foreign-exchange risk and that has the potential to push the yen higher in the coming quarters.
[SHANGHAI] Chinese financial technology firm Lufax, backed by Ping An Insurance Group, is looking to raise as much as US$2.36 billion in an initial public offering (IPO) that would be one of the...
[PHOENIX] Three years after saddling PetSmart Inc with debt to acquire online rival Chewy Inc, a group led by private equity firm BC Partners is splitting them in two, betting that the companies...
[NEW YORK] Citigroup said Peter Charrington, global head of private banking, will depart to spend more time with family and pursue new opportunities.
[SAN FRANCISCO] Wells Fargo & Co is exploring a sale of its asset management business, in what would be the US bank's biggest shake-up since former Bank of New York Mellon chief executive...
[NEW YORK] Goldman Sachs Group on Thursday said it was clawing back US$174 million in executive compensation and had agreed to pay US$2.9 billion over its role in Malaysia's 1MDB corruption...
