SUBSCRIBERS
US banks look to beat 2015 earnings record
To achieve that goal, they will have to cut costs even deeper than last year, when they also shed 20,000 jobs
Published Thu, Jan 21, 2016 · 09:50 PM
New York
WALL Street banks just eked out their most profitable year since before the financial crisis by slashing budgets. Can they top that?
The sobering answer for many is that they can - if they cut even deeper than they did in 2015, when they reduced costs by 13 per cent and shed more than 20,000 jobs.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Japanese yen slides back towards 34-year low after brief spike
China’s Bank of Communications Q1 profit rises 1.44%
HSBC’s private bank shuts independent asset management business in HK, Singapore
Nomura Q4 net profit jumps almost eight-fold on retail income surge
Rescue pup to meme star: the real-life ‘Dogecoin’ dog
Money laundering accused Zhang Ruijin slapped with 5 more charges days before scheduled guilty plea