Banks Finding That Issuing Debt To Fund Twitter Takeover Was A Bad Investment
This week the Wall Street Journal reported that the major banks which were behind the financing of Elon Musk’s $44 billion takeover of Twitter (now known as X) are now…
World’s Largest Wealth Fund Posts Massive Losses
The world’s largest wealth fund, Norway’s $1.4 trillion sovereign wealth fund, has reported that it has suffered third-quarter losses of 2.1%, which it attributes to financial market uncertainty. During the…
Deutsche Bank Profits Down, But Beat Expectations
Deutsche Bank posted third quarter profits which, at 8%, marked a decline, albeit one not as severe as analysts had been predicting. The investment bank’s revenues slumped for the quarter,…
Three Major Investment Banks Fined Over Alleged Reporting Failures
Goldman Sachs Group Inc. has been fined over alleged swaps reporting failures and other violations by a US regulator. On Friday, Goldman was ordered to pay $30 million in penalties…
Goldman Sachs Buys US And UK Companies For China
On Wednesday, the Financial Times reported that according to sources with direct knowledge of the operations of Goldman Sachs, the US investment bank established a fund made up of Chinese…
Settlement Talks Fail As USVI Demands $190 Million From JPMorgan In Epstein Lawsuit
In a new court filing it has been revealed settlement talks between the US Virgin Islands, and JPMorgan have failed, over the amount the US Virgin Islands was demanding. According…
Goldman Sachs Cutting 125 Managing Directors
A new report says Goldman Sachs Group has begun laying off managing directors across the globe as the company downsizes its headcount amid a slump, according to sources familiar with…
Epstein Victims Seek Preliminary Approval Of JPMorgan Settlement
Victims of Jeffrey Epstein have requested a judge give preliminary approval to the $290 million settlement offer from JPMorgan Chase to resolve claims that the investment bank knowingly facilitated the…
JPMorgan Agrees To Settlement With Epstein Victims
JMorgan Chase and the victims of Jeffrey Epstein who recently sued the investment bank over its relationship with the disgraced financier have reached a settlement in one of two major…
Goldman Sachs To Pay $215 Million In Sex-Discrimination Case
Goldman Sachs Group will pay $215 million as part of a settlement of a long-running class-action lawsuit which alleged the financial institution has engaged in widespread discrimination against women in…
