Goldman Sachs Group Inc and Morgan Stanley on Friday revised lower two key measures of the banks' ability to deploy cash in an emergency, after the Federal Reserve said it made an error in its June stress test results.
NEW YORK At the height of the coronavirus pandemic last spring, the heads of U.S. banks including Morgan Stanley, Bank of America Corp and others pledged not to cut any jobs in 2020 because it was the wrong thing to do.
NEW YORK Most Wall Street workers can expect to see their bonuses slashed this year and some jobs may be cut, according to a report published Monday by compensation consulting firm Johnson Associates Inc.
NEW YORK Goldman Sachs Group Inc on Friday lowered its previously stated quarterly earnings as the bank set aside more money to pay for its settlement with the Malaysian government over the multi-billion 1MDB scandal.
NEW YORK U.S. investment bank Goldman Sachs Group Inc is adopting a performance review system that will grade up to 10% of its 39,000 employees as under-performers this year, according to an internal memo sent on Monday, potentially leading to more job cuts in 2021 than the bank has made in recent years.
By Rozanna Latiff, Joseph Sipalan and Elizabeth Dilts Marshall | Video
NEW YORK, July 23 Asian markets are set to open
mostly lower on Friday as China vowed to retaliate against a
U.S. order to close one of its consulates, and the American
equity markets fell on gloomy data about its labor market.