Goldman Sachs Group has slashed employee compensation costs by 35 per cent in the third quarter as bond-trading revenue plunged, an unusual step that signals the bank's concern about performance for the rest of the year.
Arcapita, an international investment firm headquartered in Bahrain, said it has emerged from Chapter 11 reorganization proceedings in the United States.
Under the terms of the reorganization, “New” Arcapita (legally r
Goldman Sachs Group Inc said on Tuesday quarterly profit doubled, beating Wall Street estimates, boosted by returns from investing the bank's own money.
The investing and lending segment, which tracks the bank's investment
The investment banking industry is heading into a digital revolution that could redraw not only its business model but also the traditional image of its staff.
Stuck with dwindling profits in an era of poor returns and heavy regul
Drake & Scull International (DSI), a regional leader in integrated design, engineering and construction, has signed a $120 million loan deal to help pursue its growth plans in North Africa, Asia and other growth markets.
Sovereign wealth fund Kuwait Investment Authority (KIA) has announced a $500 million investment in Russian Direct Investment Fund (RDIF) as part of its global strategy.
The announcement was made during a meeting at the St. Petersburg Inter
Abu Dhabi picked Goldman Sachs and three other banks as financial advisers on the state-backed merger of the emirate's two largest property firms, four sources said on Monday, adding momentum to the process.
Khalaf Al Habtoor, the chairman of the Al Habtoor Group, recently held a meeting with vice-chairman of Goldman Sachs Group Michael Evans to discuss possible business collaborations.
The main topics of conversation between Al Habtoor and Ev
Saudi investors are warming to a sale of $2 billion of Islamic bonds by US investment bank Goldman Sachs, banking sources told Reuters, lending support to a sukuk which has run into controversy over whether it complied with Islamic principles.