A top Wall Street firm predicts Goldman Sachs’ trading woes will continue into next year. UBS lowered its rating on the bank’s shares to neutral from buy, saying it will report earnings below consensus expectations in 2018. “Shares seem to reflect a rebound in revs but ...Read More

City bond traders have put the champagne on ice. They had a good run. For some it lasted almost a year. But it’s over now and the “new normal” of low trading volumes and weak profits is reasserting itself. On Wall Street, Goldman Sachs took the ...Read More

(Reuters) – Citigroup Inc (C.N) reported a quarterly profit that beat analysts’ estimates as trading revenue held up better than the company’s forecast and loans grew. The lender said markets revenue declined about 7 percent in the second quarter from a year earlier, smaller ...Read More

FRANKFURT (Reuters) – Germany’s Commerzbank (CBKG.DE) said on Thursday that management and employee representatives had hammered out guidelines for job cuts that were announced last year as part of a major restructuring. At that time, Commerzbank announced it would merge its four main business ...Read More

Numerai is a hedge fund with big ideas and even bigger ambitions: using crowd-sourced machine intelligence to transform the way money is managed.  Crowd-sourced investment strategies are many and varied, but Numerai has  a novel way of applying technology. The fund supplies its network of data scientists with encrypted ...Read More

What would it mean to have a former Goldman, Sachs & Co.  (GS) executive as head of the Federal Reserve? We may soon find out.  Gary Cohn, director of the National Economic Council and former president and COO of the Manhattan-based investment bank, is ...Read More

Following up on the nomination of Randall Quarles as the overseer of the banking system in the US, there is increasing talk in the American media that the US President is unlikely to nominate the current Fed Chairwoman Yellen for a second term. Trump is likely to ...Read More