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investment bank

Goldman readies US workers for return to offices in June
Business & Finance

Goldman readies US workers for return to offices in June

  • The bank is planning to tell employees to be prepared to start working from offices by mid-June, the report said, citing people with knowledge of the matter.
  • Wells Fargo & Co said in March it would start bringing workers back to its offices after Labor Day, while JPMorgan Chase & Co said last week it was targeting workers' return to office on a rotational basis from July.
Published 04 May, 2021 05:45pm
Lazard first-quarter profit misses estimate as expenses weigh
Business & Finance

Lazard first-quarter profit misses estimate as expenses weigh

  • The bank reported an adjusted net income of $101 million, or 87 cents per share, missing Street estimates of 89 cents per share, according to IBES data from Refinitiv.
    • Global M&A activity posted a year-to-date record in the first quarter this year, helped by a boom in the stock markets and the Federal Reserve's commitment to keep monetary policy loose.
Published 30 Apr, 2021 05:15pm
British fintech Revolut on path to $10 bln valuation with new funding
Business & Finance

British fintech Revolut on path to $10 bln valuation with new funding

  • The London-based financial technology startup is lining up FT Partners, a US-based fintech-focused investment bank, as its adviser on the new funding, which is expected to take place after the summer, the report added.
  • The company, which raised $500 million in a funding round at a valuation of $5.5 billion in early 2020, has established a presence in more than 35 countries.
Published 17 Apr, 2021 05:43pm
Deutsche Bank CEO gives up oversight of investment bank in revamp
Business & Finance

Deutsche Bank CEO gives up oversight of investment bank in revamp

  • The move is likely to reassure regulators, who worried that Sewing has too much on his plate, potentially leaving the investment bank open to operational hazards.
  • Germany's biggest bank was one of the few major banks in the world to assign day-to-day oversight of investment banking to its chief executive. At most banks, other board members oversee the division.
Published 29 Mar, 2021 06:30pm
Citi hires Goldman's chief diversity officer
Business & Finance

Citi hires Goldman's chief diversity officer

  • Brown joins Citi as its chief diversity, equity and inclusion officer from Goldman Sachs, where she had led that bank's diversity and inclusion efforts since mid-2018. Brown previously worked at Bloomberg in the same role.
  • Goldman named Megan Hogan to replace Brown, according to a memo sent to staff and seen by Reuters.
Published 26 Mar, 2021 08:12pm
Euro zone inflation could exceed forecasts this year: De Guindos
World

Euro zone inflation could exceed forecasts this year: De Guindos

  • Growth on the other hand could fall short of projections in the first quarter due to widespread pandemic-related restrictions, even if full-year activity is still seen in line with the bank's 3.9% projection made in December, de Guindos said in a webinar with investment bank Berenberg.
Updated 03 Mar, 2021 08:45pm