LONDON British state-owned Royal Bank of Scotland (RBS) said on Friday it will close around a quarter of its branches and cut 680 jobs as it cuts costs and encourages customers to use digital services, drawing criticism from lawmakers. | Video
LONDON Britain's opposition Labour leader Jeremy Corbyn warned Morgan Stanley that bankers are right to regard him as a threat because he wants to transform what he cast as a rigged economy that profits speculators at the expense of ordinary people.
DUBAI Saudi Arabia has said it aims to raise around $200 billion in the next several years through privatization programs in 16 sectors ranging from oil to healthcare, education, airports and grain milling. It separately wants to raise another $100 billion through the sale of a five percent stake in Saudi Aramco.
NEW YORK Goldman Sachs Group Inc is trying to figure out how to cater to investors who want to trade bitcoin even though the digital currency remains too volatile for the Wall Street bank to trade itself, according to comments by a representative and its chief executive officer on Thursday.
LONDON Goldman Sachs is poised to sign a lease for a new office in Milan that will significantly boost its presence in Italy as Britain prepares to leave the European Union, sources familiar with the matter told Reuters.
TOKYO Nomura Holdings Inc is returning to private equity - a move that comes as it seeks more stable income through consulting services and as Japanese firms increasingly look to divest non-core businesses as part of restructuring plans.
LONDON Goldman Sachs Group is among around five bidders for ScotiaMocatta, the metals trading arm of Canada's Bank of Nova Scotia , for which it is seeking up to $1 billion, sources with knowledge of the matter told Reuters.
NEW YORK BlackRock Inc on Tuesday said it had agreed to buy the asset management business of Mexico's Citibanamex, a subsidiary of Citigroup Inc , in a sign of the growth potential the world's largest asset management sees in the country.
The outcome of the OPEC meeting in Vienna later this week is uncertain given current crude prices and a lack of consensus on an output cut extension deal, Goldman Sachs said on Monday.
DETROIT Terminating the North American Free Trade Agreement would harm the U.S. and Canadian economies and reduce their competitiveness versus Asia and Europe, a report issued by the Bank of Montreal said on Monday.