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December 20, 2022 | Daily Business Review

2022, the Year That Changed Banking in Europe

After a decade of struggling to keep up with Wall Street, European banks are enjoying a rare period of outperformance, buttressed by four large interest rate increases in the span of just half a year.
8 minute read
December 16, 2022 | Daily Business Review

Goldman Sachs Set to Cut as Many as 4,000 Workers

Goldman Sachs' latest cuts appear to go beyond the firm's annual exercise of weeding out underperforming staff, which was the focus just months ago.
1 minute read
December 12, 2022 | Daily Business Review

US Futures Rise With Central-Bank Moves in Focus

U.S. equity-index futures advanced at the start of a pivotal week for monetary-policy decisions from the Federal Reserve, European Central Bank and a host of their peers.
3 minute read
December 12, 2022 | Daily Business Review

Dealmakers in Last-Minute $70B M&A Rush Before Holidays

Biotech giant Amgen is leading the flurry of transactions, saying it will buy Horizon Therapeutics for $28 billion to add drugs for rare disorders.
3 minute read
December 06, 2022 | Daily Business Review

Wells Fargo Looking at Paying Depositors More: Goldman Update

Wells Fargo & Co. Chief Executive Officer Charlie Scharf said the bank is working to find the right balance of how much to raise the rates it's paying depositors while protecting the firm's profitability.
2 minute read
December 06, 2022 | Daily Business Review

Here's Goldman Sachs' Take on World Economy Through 2075

Goldman Sachs analysts said slower population growth will present "a number of economic challenges," such as how nations will pay for rising health costs of their aging populations.
2 minute read
December 06, 2022 | Daily Business Review

Tech Stocks Drive Sell-Off as Bank CEOs Sound Alarm

A slide in tech giants such as Apple Inc. and Tesla Inc. weighed heavily on the market, with the S&P 500 falling for a fourth straight session.
3 minute read
December 01, 2022 | Daily Business Review

Stocks Churn Around 200-Day Average Ahead of Jobs Report

The remarkably resilient U.S. jobs market is beginning to cool, but Friday's employment report will fall far short of the turning point Federal Reserve officials are seeking in their battle to beat back inflation.
4 minute read
November 29, 2022 | Daily Business Review

Banks Stuck With $42 Billion Debt Seize Chance to Offload It

Hung debt has been a big problem for Wall Street this year. Banks have taken huge mark-to-market losses on deals they underwrote before a rapid rise in interest rates crushed funding markets and the threat of recession quashed investor demand for riskier assets.
5 minute read
November 28, 2022 | Daily Business Review

Stocks Retreat as China Unrest Saps Risk Appetite

Just when the S&P 500 was trying to break above the highs of mid-November, sentiment turned negative, threatening the market's recent momentum.
2 minute read

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