Investment Banking

Goldman Sachs' revenue slumps 20 percent

Goldman's stock, which was recently added to the Dow Jones industrial average, fell $4.2 or 2.6 percent, to $158 in pre-market trading.

Banks help Sensex close 350 pts up; rupee touches 1-month high

A strong set of export data from China has lifted the mood of both global and domestic markets markets.

Morgan Stanley cuts 1,600 jobs as business languishes

The staff cuts are a symptom of the current ailing business environment in which Wall Street banks are operating, with few areas of revenue growth to improve profits.

UBS set to begin 400 job cuts today: WSJ

UBS has already pledged to cut 3,500 jobs as part of earlier cost cuts, but this is seen as too little by most analysts given a dramatic slowdown in investment banking business

Barclays to shut 3 Indian branches, cut jobs: source

The Barclays branches that will be closed are in Rajahmundry in Andhra Pradesh, and Ahmednagar and Junagadh. It may shut some other smaller branches over the next few months.

After Deutsche, Nomura to trim investment banking jobs in Dubai

The rationalisation measures by Japan's largest investment bank, which unveiled its second major restructuring of its loss-making overseas operations last month, follows Deutsche Bank's plans to slash its investment banking workforce in Dubai.

Cutting cost further? RBS shuts some Asia units, sacks 70

RBS has halved the size of its investment bank as part of a major retreat since its 2008 taxpayer bailout, and has been forced by the British government and lower profitability across the industry to extend the retreat further.

RBS to wind down some equity units, cut jobs

Royal Bank of Scotland is to wind down some parts of its equities operations as part of a broader cut-back of its investment banking operations.

FIIs not gung ho about Indian banks, but we still beat China

Indian banks are at least ready to admit concerns about asset quality and are reporting their bad numbers. On the contrary, "Chinese banks remain a black box, yet to see a bad result" and their numbers cannot be trusted, says a report.

Anshu Jain selected as best European investment banker

Anshu Jain, the head of corporate and investment banking at the German lender, was named the European investment banker of the year