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Goldman Sachs Is Cutting About 125 Managing Directors Globally

Goldman Sachs Group reduces its headcount amid a deals slump, according to people familiar with the matter.

Goldman Joins Brokers Predicting an End, for Now, to Tesla Rally

Goldman Sachs Group Inc. joined list of brokers turning less bullish on Tesla Inc. shares after EV maker’s blistering rally this year.

Companies

UBS’s Wealth Assets Risk $150 Billion Drop on Credit Suisse Merger, JPMorgan Says

UBS Group AG may see a $150 billion decline in its wealth-management client assets following the acquisition of Credit Suisse Group AG.

Companies

JPMorgan Mistakenly Deleted 47 Million Records, SEC Alleges

JPMorgan Chase & Co. will pay a $4 million fine to settle SEC allegations that the bank mistakenly deleted millions of electronic records.

Companies

UBS to Face Penalties Over Credit Suisse’s Archegos Fiasco

UBS Group AG faces hundreds of millions of dollars in regulatory fines over Credit Suisse Group AG’s dealings with Archegos Capital.

Companies

Credit Suisse Faces 'Massive Downsizing' of Investment Bank

Ermotti certainly knows how to cut employment. The bank announced the need to reduce jobs by 36,000 in April before finalizing the CS acquisition. However, the UBS case is no exception. According to Bloomberg data, over 500,000 people have lost jobs in significant economic sectors since last October.