Credit Suisse Group AG hired about 20 banks to help with a $4 billion capital increase that will help fund the extensive restructuring unveiled last week
The benchmark 10-year Treasury note reversed early declines to rise for the fourth straight day, while big technology and growth names like Apple Inc, Amazon.com and Nvidia Corp cut back gains
Profit applicable to common shareholders fell to $2.96 bn, or $8.25 per share, in the quarter ended Sept. 30, from $5.28 bn, or $14.93 per share, a year ago
The move comes as the Wall Street titan has sought to cut its reliance on volatile trading and investment banking revenues by boosting its fee-based businesses.
The move builds on the existing credit-card partnership between the two companies. The Wall Street titan has pushed in recent years to expand its offerings for consumers
If latest reduction in output by OPEC+ is sustained through Dec 2023, it would amount to $25 per barrel upside to their Brent forecast, Goldman Sachs said in a note
Despite one of the tightest markets in recorded history, Goldman said the cut could be justified by the 40% decline in prices from their June peak and enabled by the lack of supply elasticity
Margin levels could see an improvement on higher volumes, price hike
Goldman's commodities research division lowered the forecast for next year by $17.5 per barrel on average, even as it saw a seasonally adjusted global oil market deficit in Q4 of 2022 and in 2023
The global research and broking house suggests investors buy the stock at the current levels and maintains a 12-month target price of Rs 1,100 on the counter
Goldman Sachs cut its 2023 economic growth forecast for China sharply, predicting Beijing will stick to its stringent Covid Zero policies through at least the first quarter of next year
The reductions come after Goldman went on an unprecedented hiring spree in mainland China and Hong Kong last year as China opened its financial market fully to foreign brokerages and asset managers
Goldman said it remains 'more sanguine' on EBIT margin forecasts than on revenue of IT firms, given multiple levers such as higher employee utilisation, controls on variable pay and annual wage hikes
That stance compares with plans by Goldman Sachs Group Inc to cut jobs as early as this month after pausing the annual practice for two years during the pandemic
As the risk of recession looms and the Federal Reserve raises interest rates to curb inflation, deal markets have dried up
Economists see Reserve Bank of India Governor Shaktikanta Das and his monetary policy panel colleagues to begin dialing down the pace of interest-rate hikes this month
The Wall Street titan plans to eliminate several hundred roles starting this month, according to people with knowledge of the matter
None of the investors lined up by the banks working on billionaire Rakesh Gangwal's sale of part of his family's stake in IndiGo got any shares in the block trade as a result of slippage
One of the three key reasons why a genuine bear market trough has not yet been reached, according to them, includes their belief that inflation and interest rates still have more room to rise
Moody's cut its forecast to 7.7%, from 8.8%, citing dampening economic momentum in the coming quarters on rising interest rates, uneven monsoon, and slowing global growth