capital markets

Exclusive: Goldman Sachs to cut asset management investments that weighed on earnings

Goldman Sachs Group Inc's asset management arm will significantly reduce the $59 billion of alternative investments that weighed on the bank's…

3 years ago

Exclusive: Morgan Stanley to slash 2022 banker bonuses in Asia by up to half

Morgan Stanley plans to slash investment bankers' annual bonuses by as much as 50% in Asia, said two people with…

3 years ago

Spain’s Iberdrola to invest $47 bln in energy transition in 2023-25

Spain's Iberdrola will invest 47 billion euros ($47 billion) in electricity networks, renewable energy production and customer businesses over the next…

3 years ago

Analysis: Cracks appear in Credit Suisse comeback plans

After months of reflecting, Credit Suisse's chairman Axel Lehmann revealed an overhaul "to rebuild Credit Suisse as a strong ...…

3 years ago

Canada’s Scotiabank profit rises on lending strength in international unit

Bank of Nova Scotia reported third-quarter profit a touch below estimates on Tuesday, but earnings rose from a year earlier…

3 years ago

Bank of America posts drop in quarterly profit as dealmaking slumps

Bank of America Corp (BAC.N) posted a nearly 34% drop in second-quarter profit on Monday, hit by a slump in investment banking…

3 years ago

Explainer: Washington holds key to Russia’s sovereign default

The prospect of a Russia sovereign default is moving centre stage again with a deadline for a U.S. license allowing…

4 years ago

Explainer: Can Russia pay its creditors, and what happens if not?

Russia is due to pay $117 million in interest on two dollar-denominated sovereign bonds on Wednesday - the first such…

4 years ago

Analysis: China’s real estate woes sap property investment products

Chinese investors are abandoning an age-old attachment to property investment products and seeking returns in equities and other corners of…

4 years ago