Goldman Sachs Group Inc. is planning to cut thousands of employees to navigate a difficult economic environment, a source familiar with the matter said. The layoffs are the latest sign that cuts are accelerating across Wall Street as dealmaking dries up. Investment banking revenues have ...
With expenses like fuel and food rising rapidly, workers have further reason to want to stay away, handing employers a challenge to increase the appeal of office working.
Treasury Secretary Steven Mnuchin looked to quash big-bank worries over plunging stock markets and reports that President Donald Trump might move on his Federal Reserve chief by assuring the financial community Sunday that market liquidity is in good shape. Some market participants, however, questioned why ...
Bank of Japan Gov. Haruhiko Kuroda's suggestion that further yen weakness is "unlikely" prompted the currency's biggest rally this year. Firms from Standard Chartered PLC to Bank of Tokyo-Mitsubishi UFJ Ltd. do not expect the gains to last. The yen jumped 1.4 percent against the ...
