Goldman Sachs Group Inc (GS.N) reported a 7 percent drop in fourth-quarter profit as sharp market moves in December hit its bond-trading business.
Investors
Asian shares near eight-week highs as ECB looms large
Asian shares held near eight-week highs on Thursday as investors bet on the likely size and scope of a bond-buying program the European Central Bank is poised to unveil later in the day in an attempt to revive the flagging euro zone economy.
Asian shares buoyed by ECB easing hopes, euro soft
Asian shares held firm and the euro stayed under pressure on Wednesday as investors counted on the European Central Bank to unveil a stimulus drive, while the yen was subdued ahead of the Bank of Japan's policy announcement later in the Asian day.
Large Everest Capital hedge fund closing after Swiss franc losses: Bloomberg
Hedge fund manager Marko Dimitrijevic is closing his largest hedge fund, Everest Capital's Global Fund, having lost almost all its money after the Swiss National Bank (SNB) scrapped its three-year-old cap on the franc against the euro, Bloomberg news reported on Saturday.
Postbank head favors stock market sale: magazine
The chief executive of Deutsche Bank's (DBKGn.DE) retail arm Postbank (DPBGn.DE) strongly advocates having Deutsche sell a large portion of Postbank's shares on the stock market rather than to another bank, a German magazine reported on Saturday.
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Asian shares stumbled on Friday and the dollar skidded against the safe-haven yen after Switzerland's central bank unexpectedly scrapped its currency cap - jolting markets already roiled by plunging commodities prices.
Asian stocks mostly edged up on Thursday after a significant rebound in oil and copper prices brought a semblance of calm, while the dollar regained ground lost on disappointing U.S. retail sales.
Senior executives at JPMorgan Chase & Co (JPM.N) are pressuring managers across the bank to cut costs, after disappointing revenue growth has hurt profits, a person familiar with the matter told Reuters on Wednesday.
Mexican billionaire Carlos Slim has become the largest shareholder of New York Times Co (NYT.N) after exercising warrants to double his stake in the publisher to 16.8 percent.
U.S. stocks slumped shortly after the opening bell on Wednesday to extend recent declines, as worries over weak economies globally continued to pressure commodities and as U.S. retail sales for December fell short of expectations.
Goldman Sachs Group Inc had to write down its loan to the troubled Portuguese bank Banco Espirito Santo SA in the fourth quarter, cutting the bank's profit and some employees' bonuses, people familiar with the matter told Reuters.
Unease over the global economy engulfed commodities and dented Asian equities on Wednesday, while the euro loitered near nine-year lows as investors bet the European Central Bank was just a week away from launching a new stimulus campaign.
U.S. stocks ended down slightly in a volatile session on Tuesday, led by a drop in materials and energy shares following further weakness in commodity prices.
Investors had hoped that the biggest U.S. banks would boost dividend payments substantially in 2015, but recent events including slumping oil prices will make it harder for banks to pay out more.
