Goldman to Cut Hundreds More Jobs as Consumer Unit Scaled Back

Goldman Sachs Group headquarters in New York, US, on Wednesday, June 15, 2022. The Securities and Exchange Commission is looking into whether some investments for the funds are in breach of ESG metrics promised in marketing materials, one of the people said.

HSBC Sees Loan Availability to Drive Growth for India M&A Deals

A logo at a HSBC Holdings Plc bank branch on King Street that is set for closure in the near future on Thursday, in Hammersmith district of London, UK, on Tuesday, July 26, 2022. HSBC are due to report second-quarter earnings on Aug. 1. Photographer: Hollie Adams/Bloomberg

Oil Traders Regain Their Swagger With World Desperate for Fuel

“Energy security is number one, price is number two, sustainability is number three,” said Russell Hardy, chief executive officer at Vitol Group, the world’s top oil trader by volume. “That’s the short-term set of priorities. The long set of priorities haven’t changed, they’re the other way around.”

Credit Suisse Is at ‘Critical Moment’ as Bank Prepares for Latest Overhaul, CEO Says

While conceding that there is a lot of uncertainty and speculation both within and outside the bank, the CEO said he will be sending a regular update to staff until the results of its strategic review on Oct. 27, according to the memo, seen by Bloomberg and confirmed by a Credit Suisse spokesperson. 

Hurricane Ian’s Damages Are Forecast to Be Worse Than 1992’s Andrew

Damages from Ian are expected to range from $60 billion to $70 billion given the latest forecasts, according to Chuck Watson, a disaster modeler with Enki Research. That would make Ian the sixth-costliest US hurricane, below Ida’s $78.7 billion in 2021, according to data from the National Oceanic and Atmospheric Administration. 

Trader Who Made Billions in 2008 Buys Pound Near All-Time Low

Diggle co-founded volatility hedge fund Artradis Fund Management Pte in 2001. Artradis earned its name for lucrative bets in 2007 and 2008. Later his family office Vulpes Investment Management Pte invested in assets including biotechnology ventures, avocado orchards in New Zealand, German real estate and European rearmament firms, whose stocks surged on the Russian invasion … Read more