Economy FeaturedHow COVID transformed US consumer spending habitsIFM CorrespondentJune 7, 2022 by IFM CorrespondentJune 7, 2022 Consumers in developed countries spent excessively on appliances, automobiles, and furniture.... Read more
Asset Management FeaturedGoldman Sachs appoints new MD to lead its UK fiduciary management businessIFM CorrespondentNovember 19, 2021 by IFM CorrespondentNovember 19, 2021 Goldman Sachs Asset Management appointed Ed Francis as a Managing Director... Read more
Banking FeaturedGoldman Sachs and AmEx debut cloud-based payment service for corporate clientsIFM CorrespondentOctober 21, 2021 by IFM CorrespondentOctober 21, 2021 Goldman Sachs Transaction Banking attracted more than 250 clients, taking on over $35 bn in deposits... Read more
Business Leaders FeaturedGoldman Sachs hires new head for private wealth management unit in MENAPritam BordoloiApril 8, 2021 by Pritam BordoloiApril 8, 2021 Goldman Sachs has hired ex-UBS Group banker Gabriel Aractingi... Read more
Featured Wealth ManagementCiti’s wealth management unit in UAE to triple AUM to $15 bnPritam BordoloiJanuary 13, 2021 by Pritam BordoloiJanuary 13, 2021 The bank plans to do the same over the next 5 years by increasing the number of client-relationship manager... Read more
Featured Wealth ManagementJP Morgan seeks another Chinese wealth management JVPritam BordoloiJanuary 6, 2021 by Pritam BordoloiJanuary 6, 2021 JP Morgan is reportedly in talks with China Merchants Bank to set up an entity... Read more
Featured Wealth ManagementGoldman to bring its wealth management services to the massesPritam BordoloiDecember 23, 2020 by Pritam BordoloiDecember 23, 2020 The investment bank has started internal testing of the digital service, called Marcus Invest... Read more
Banking FeaturedGoldman Sachs temporarily closes Marcus for new UK customersInternational Finance Business DeskJune 12, 2020 by International Finance Business DeskJune 12, 2020 Since the start of the pandemic, deposits worth $5.1 billion flooded the account, with Marcus now holding an approximate total of $27 billion... Read more
Featured FintechSingaporean fintech Spark secures $10.5 mn funding from Citi, HSBCPritam BordoloiMay 15, 2020 by Pritam BordoloiMay 15, 2020 Spark’s will use the funds to further develop its in-house technology... Read more
Featured Oil & GasSaudi urges Opec+ to cut 1.5 mn bpd as coronavirus affects oil demandInternational FinanceMarch 5, 2020March 18, 2020 by International FinanceMarch 5, 2020March 18, 2020 the Kingdom has pushed for a larger cut compared to Goldman Sach’s recommendation of 600,000 to I mn bpd... Read more