As India prepares for elections this spring, confidence about the country’s prospects seems ubiquitous. The country has just finalized a new trade agreement; it’s with a small trading bloc composed of Norway, Switzerland, Liechtenstein and Iceland, but the headline number for new foreign investment it commits to bringing in, $100 billion, is nevertheless eye-catching. The … Read more
JPMorgan Chase‘s president and chief operating officer Daniel Pinto in an interview with TOI spoke on the risks and opportunities in the financial sector. Pinto said the sentiment on India is bullish due to supply chain shifts, and strong growth despite a global slowdown. He said that structural adjustments will help drive manufacturing in India. … Read more
Goldman Sachs beat estimates for fourth-quarter profit on Tuesday as its equity traders capitalized on a market recovery and revenue from asset and wealth management rose, offsetting weaker investment banking. Stock markets have rallied as economists and investors grow more confident the US will avoid a recession. Market participants are also debating when the Federal … Read more
As the carbon offset market gets a new lease on life from the COP28 climate summit in Dubai, bankers from Wall Street and the City of London are positioning themselves to get a chunk of the dealmaking they say is coming.Banks that have been building up carbon trading and finance desks include Goldman Sachs Group … Read more
FILE: A Bank of America branch on Aug. 16, 2021, in New York. VIEW press/Corbis via Getty Images Bank of America has shuttered or plans to shutter nearly two dozen Bay Area branches, according to recent filings. Bank of America didn’t respond to a request for comment by press time. Advertisement Article continues below this ad … Read more
JPMorgan Chase announced a settlement Monday with the victims of Jeffrey Epstein who had accused the bank of being the financial conduit that allowed the financier to continue operating a sex trafficking operation. Epstein was arrested in 2019 on federal charges accusing him of paying underage girls hundreds of dollars in cash for massages and … Read more