Bitcoin heads for worst week since March, slumps 6 per cent
The world's biggest cryptocurrency slumped as low as $44,451 before recovering most of its losses. It was the last trading down 1.2 per cent at $46,525, on course for a drop of almost 20 per cent this week, which would be its heaviest weekly loss since March last year.
Feb 26, 2021, 17:23 PM IST
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.
Nov 07, 2018, 18:36 PM IST
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.
Sep 17, 2015, 17:00 PM IST
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.
Aug 11, 2015, 17:18 PM IST
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.
Jul 04, 2015, 09:11 AM IST
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.
Jun 11, 2015, 10:45 AM IST
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.
Jun 08, 2015, 08:53 AM IST
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.
Apr 25, 2015, 06:48 AM IST
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.
Feb 26, 2015, 17:47 PM IST
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.
Feb 25, 2015, 09:16 AM IST
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.
Dec 23, 2014, 17:23 PM IST
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.
Jun 09, 2014, 10:40 AM IST
