Goldman Sachs said on Tuesday it had appointed Robert Kaplan, the former president of the Federal Reserve Bank of Dallas, as its vice chairman, adding an influential former policymaker and Goldman alumni to its management committee.
Italy’s Banca Monte dei Paschi (MPS) beat first-quarter net profit forecasts on Tuesday, helped by higher revenue, and said it would update its medium-term targets next quarter as its recovery is running ahead of plan.
UniCredit will accelerate the reduction of its local Russia exposure, the Italian bank’s chief executive said, as profit at the Russian unit doubled in the first quarter.
UBS’s CEO on Tuesday said the majority of job cuts in its home market, Switzerland, will start from around the end of the year and continue into 2025 and 2026.
China International Capital Corp (CICC) may reduce its investment banking headcount by at least 10% this year, two people with knowledge of the matter said, as a capital market downturn and sluggish economy darken prospects.
UniCredit raised its investor reward guidance for the year, and said it would pay out even more in the following two, after reporting much higher than expected quarterly net income on Tuesday.
UBS stunned investors with a $1.8 billion first-quarter profit on Tuesday, saying it was sticking with share buybacks, easing concerns about Swiss plans to hike capital requirements.
UBS Group on Tuesday reported a profit of $1.76 billion attributable to shareholders in the first quarter, more than double the expected profit of $602 million forecast by analysts in a company-provided poll.
The potential for protectionist policies to win out in U.S. and European Union elections this year is a risk for business and is being closely watched by global financial conglomerate Macquarie Group , its CEO Shemara Wikramanayake said on Tuesday.
