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26 Feb 2021

Bitcoin heads for worst week since March, slumps 6 per cent

Bitcoin fell over 6% to its lowest in two weeks European stocks tumbled as much as 1.5 per cent Bitcoin has risen about 60% from the start of the year, hitting an all-time high of $58,354 this month

07 Nov 2018

Credit Suisse pulls out of South Africa in global shift

Credit Suisse`s website says it has offices in approximately 50 countries and lists Johannesburg as its only sub-Saharan African location.

17 Sep 2015

Goldman Sachs chief Lloyd Blankfein `would not invest in China`

The chairman of investment banking giant Goldman Sachs has slammed China`s handling of its economy, adding he would not currently invest in the country, the Wall Street Journal reported Thursday.

11 Aug 2015

Investors optimistic, but cautious: Kotak Bank

Investment banking major Kotak Mahindra Bank Tuesday said investors' expectations have tempered over the last year and they are more cautious now.

04 Jul 2015

New Credit Suisse CEO promises 'ruthlessly selective' review: Report

Newly appointed Credit Suisse AG Chief Executive Tidjane Thiam, in an interview with the Financial Times, promised a "ruthlessly selective" review of the Swiss bank`s businesses, amid expectations that the incoming CEO would cut staff by about 15 percent from its investment banking arm.

11 Jun 2015

Deutsche Bank's grip on Asia FX market may slip on Jain's exit

The exit of Deutsche Bank co-chief executive Anshu Jain may see the lender surrender its strong position in Asia`s fast growing foreign exchange and fixed income markets, with incoming CEO John Cryan expected to cut some of the capital-intensive businesses Jain oversaw.

08 Jun 2015

Anshu Jain resigns as co-CEO of Deutsche Bank; John Cryan named new CEO

Jain landed the top spot at Deutsche in 2012 after the investment banking division he ran consistently delivered up to 85 percent of group profit and frequently outperformed peers.

25 Apr 2015

Deutsche to cut investment bank, hive off Postbank in revamp

Deutsche Bank will cut back investment banking, split off its Postbank retail chain and slash costs, the group said late on Friday, in a restructuring plan designed to restore profitability.

Royal Bank of Scotland

26 Feb 2015

RBS to slash investment banking after huge loss

Royal Bank of Scotland will end investment banking in the Middle East and Africa and "significantly" reduce its presence in Asia and the US after a seventh-straight annual loss, the state-rescued lender said Thursday.

JPMorgan Chase & Co

25 Feb 2015

JPMorgan eyes $1.4 billion in cost savings in 2015

JPMorgan Chase & Co said on Tuesday it aims to save about $1.4 billion in annual expenses, mainly in consumer and investment banking, as a proposed government requirement to hold more capital is expected to pinch profits.

23 Dec 2014

Goldman Sachs invests Rs 255 cr in Vatika Hotels

US-based investment banking firm Goldman Sachs has invested Rs 255 crore as equity in Vatika Hotels, a hospitality venture of realty firm Vatika group.

JPMorgan Chase & Co

09 Jun 2014

JPMorgan names Kulkarni head of investment banking for India

JPMorgan Chase & Co has named Kaustubh Kulkarni as its head of India investment banking to replace Rohit Chatterji.

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