Goldman Sachs’s David Solomon says job cuts to come in January

Goldman Sachs is preparing for a cull of its workforce in the coming weeks, chief executive David Solomon said in a message to staff, as the bank looks to reverse…

Bonus cuts and job losses: Goldman’s painful new year

Goldman Sachs chief executive David Solomon has done little to stir any festive cheer at the investment bank’s headquarters in lower Manhattan. The mood soured this month as word leaked…

HSBC cuts Canadian unit out of climate pledge ahead of RBC deal

Oil refinery in Edmonton Alberta, Canada British banking giant HSBC Holdings’ decision to abandon new lending or capital markets financing for new oil and gas fields will not extend to…

Wall Street braces for big cuts to bonuses after dismal year

Wall Street is bracing for huge bonus cuts after a dismal year in which dealmaking has dried up and investment banking revenues dropped by half. Final decisions have not been…

Credit Suisse’s Investment Bankers Brace for Job Cuts, Major Reorganization

Let’s talk about Credit Suisse today. The bank’s share price is down almost 60% this year, it has dealt with what feels like scandal after scandal in the last few…

Goldman cuts Infosys, TCS to ‘sell’ on looming slowdown, upgrades Wipro

Goldman Sachs downgraded top Indian information technology service providers Tata Consultancy Services and Infosys to “sell,” from “buy,” citing a potential slowdown in dollar revenue growth…

Banks pivot from frantic hiring to task cuts amid dealmaking stoop

Breadcrumb Path Hyperlinks FP Finance Banking Wall Side road and Eu funding banks have an acute sense of purchaser’s regret Writer of the object: Bloomberg Information Myriam Balezou, Dinesh Nair…