new york

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,…

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

Analysis: G7 Russian oil price cap evolves from revenue squeeze to market anchor

When U.S. officials first floated the idea of capping Russian oil export prices in response to a planned European embargo…

3 years ago

Analysis: Investors look to emerging markets as planets align for end of dollar bull market

As the U.S. dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from…

3 years ago

WeWork to exit 40 U.S. locations to cut costs, revenue outlook disappoints

WeWork Inc said on Thursday it will exit about 40 locations across the United States and forecast current-quarter revenue below…

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

Credit Suisse scrambles to finalise revamp as deadline looms

Credit Suisse is racing to firm up sales of part of its business that could limit the cash it needs…

3 years ago

Analysis: Massive turnaround for stocks puts traders on alert for more volatility

An eye-popping turnaround in stocks may be less bullish than hoped for, with traders saying short-term hedging activity buoyed equities…

3 years ago

Exclusive: PepsiCo ends Pepsi, 7UP production in Russia months after promising halt over Ukraine

PepsiCo Inc (PEP.O) has stopped making Pepsi, 7UP and Mountain Dew in Russia nearly six months after the U.S. company said it…

3 years ago

EXCLUSIVE Hollysys management to lead take-private deal at $1.8 bln valuation -sources

A consortium led by China's Hollysys Automation Technologies management plans to take the U.S.-listed automation and control system maker private…

3 years ago