Goldman Sachs outlined its leadership team for its new core business units on Tuesday as the Wall Street giant undertakes its biggest overhaul since 2020.
The cost of insuring exposure to Credit Suisse's debt fell and the lender's bonds rose on Tuesday, bringing them close to levels last seen before a rout in its assets in early October.
Poland still has plenty of room for interest rate rises, and a hike by 100 basis points might be needed in November to make monetary policy more effective, central Banker Joanna Tyrowicz was quoted as saying by news agency ISB on Tuesday.
Australian banks may have to rethink whether they sell mortgages in areas prone to extreme weather events, the chief executive of the country's second-biggest lender said on Tuesday as .
Goldman Sachs Group Inc is expected to announce a major reorganization of its business lines on Tuesday, combining its trading and investment-banking divisions while likely sidelining its loss-making consumer unit.
Turkey's central bank took fresh steps on Tuesday to boost lira deposits, raising the ratio of bonds that banks must hold for foreign exchange deposits and requiring those with less than 50% lira deposits to hold even more bonds from 2023.
Sterling fell on Tuesday, after surging almost 2% the day before, as investors scaled back some of their expectations for Bank of England interest rates hike following Britain's dramatic on its fiscal plans.
Bank of Japan Governor Haruhiko Kuroda said on Tuesday he had no intention of stepping down, when asked by an opposition lawmaker on whether he would take responsibility for failing to achieve his 2% inflation target and hurting the economy with a weak yen.
The world's largest financial institutions increased their backing of companies in the agriculture, forestry and land use sectors most responsible for deforestation in 2021, a new study showed on Tuesday.
