Citigroup considers deep job cuts for CEO Jane Fraser’s overhaul, called ‘Project Bora Bora’
When Citigroup CEO Jane Fraser announced in September that her sweeping corporate overhaul would result in an undisclosed number of…
Singapore’s largest bank DBS beats forecast, quarterly profit jumps 17%
Southeast Asia’s largest lender DBS Group reported a 17% jump in third-quarter profit on Monday, benefiting from a high-interest rate…
Berkshire Hathaway posts a 40% jump in operating earnings, cash pile swells to a record $157 billion
Berkshire Hathaway on Saturday reported a big jump in third-quarter operating earnings, while sitting on a record amount of cash…
Unemployment among Hispanic workers rises at faster pace in October than overall rate
The labor market showed greater deterioration for Hispanic workers, whose unemployment rate rose more than that of the U.S.’, according…
Goldman Sachs says the Israel-Hamas war could have major implications for Europe’s economy
The Israel-Hamas war could have a significant impact on economic growth and inflation in the euro zone unless energy price…
Deutsche Bank and UniCredit back $4.5 billion insurance startup Wefox with $55 million in fresh funds
Wefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit,…
