FeaturedWealth 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
FeaturedWealth 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
FeaturedWealth 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
BankingFeaturedGoldman 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
FeaturedFintechSingaporean 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
FeaturedOil & GasSaudi urges Opec+ to cut 1.5 mn bpd as coronavirus affects oil demandBharath KumarMarch 5, 2020March 18, 2020 by Bharath KumarMarch 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
FeaturedFintechSouth African fintech Jumo raises $55 million in Goldman-led fundingBharath KumarFebruary 27, 2020March 18, 2020 by Bharath KumarFebruary 27, 2020March 18, 2020 The proceeds of the funding will be used to expand its operations into new markets and launch new products... Read more
Asset ManagementFeaturedGoldman Sachs to target $9bn assets under management in JapanBharath KumarFebruary 10, 2020March 18, 2020 by Bharath KumarFebruary 10, 2020March 18, 2020 Goldman Sachs has already begun to hire private bankers to manage assets over the next 5 to 10 years... Read more
BankingFeaturedGoldman bank licenced to operate in South Africa as part of expansionBharath KumarJanuary 21, 2020March 18, 2020 by Bharath KumarJanuary 21, 2020March 18, 2020 The bank has become a member of Johannesburg Stock Exchange’s interest-rate and currency-derivatives market... Read more
BrokerageFeaturedGoldman’s workforce expansion in China is part of five-year strategy planBharath KumarJanuary 14, 2020March 18, 2020 by Bharath KumarJanuary 14, 2020March 18, 2020 The headcount will increase by 600 employees in Goldman Sach’s mainland operations... Read more