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 earnings, an executive told Reuters.
Goldman Sachs to stop making unsecured consumer loans – source
Goldman Sachs Group Inc plans to stop originating unsecured consumer loans, a source familiar with the move told Reuters on Monday, in another sign the bank is stepping back from its consumer business.
Ukraine economy could grow by 15.5% in 2023 after deep fall – minister
Ukraine’s economy should stabilise over the coming year and expand by as much as 15.5% in 2023, depending on military developments in the war against Russia that began on Feb. 24, the country’s economy minister told Reuters in an interview.
Mexican used-car startup Kavak expands outside Latin America
Mexican used-car platform Kavak is investing $180 million to open offices and make its platform available in four new countries, including Turkey – its first location outside Latin America, the company said Wednesday.
EXCLUSIVE Investors warn European companies over climate accounting
Thirty-four investors managing more than $7 trillion in assets have warned 17 of Europe’s largest companies, including BP (BP.L) and Volkswagen (VOWG_p.DE), that they could challenge board directors over their accounting of climate risks.
Qualcomm leans into cameras, gaming with new flagship smartphone chip
Qualcomm Inc (QCOM.O) on Tuesday released its new top-tier smartphone chip aimed at premium-priced Android phones with features like sharper photos and graphics than handsets using chips from rivals.
WORLD ECONOMIC MAGAZINE INTERVIEWS DR. HERBERT WIGWE (GROUP MD & CEO) OF ACCESS BANK PLC.
WORLD ECONOMIC MAGAZINE AWARDS INTERVIEW WITH DR. HERBERT WIGWE (CEO) OF ACCESS BANK PLC.
Corporate law’s partisan gulf widened in 2020, analysis finds
Lawyers and staff at major law firms donated nearly six times more to Democrat Joe Biden than to incumbent Republican president Donald Trump in the 2020 election, according to a new analysis of campaign contributions by University of Iowa law professor Derek Muller.
Credit Suisse Chairman Horta-Osorio says big investors back overhaul
Credit Suisse’s (CSGN.S) big shareholders back the scandal-hit bank’s new strategy, Chairman Antonio Horta-Osorio told Swiss newspaper NZZ am Sonntag, adding the group would also overhaul its pay system for executives to reduce risk.
NDB Bank: Pioneers in providing innovative financial solutions for Sri Lanka’s national development
NDB’s vision is “to be the driving force for a financially empowered Sri Lanka”, supported by the mission “to be the catalyst in the financial services industry by creating superior shareholder value and contributing to the national development through the empowerment of individuals with innovative financial solutions delivered by an inspired and dedicated team committed to excellence”.
