Commentary The world economy has seemingly entered its first widespread financial crisis since 2008, despite initial assurances by our political leadership that “there is nothing to see here folks!” As is the case in all these crises, things are barely noticeable at first, and then things fall apart at a breathtaking pace. This has been…
Despite Turmoil in the Global Banking System, Canadian Banks Are in Relatively Good Shape
Goldman Warns It May Slow Hiring, Cut Expenses as Deals Slump
July 19, 2022
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Business & MarketsGoldman Sachsinvestment bankingJPMorganMarketsMorgan StanleystocksU.S. Federal Reserve
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Goldman Sachs Group Inc on Monday warned it may slow hiring and cut expenses, as the economic outlook worsens, after reporting a 48 percent slump in quarterly profit which beat forecasts due to gains in fixed-income and commodities trading. U.S. Federal Reserve interest rate hikes, aimed at taming runaway inflation, have rattled global financial markets,…
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