Bank of England: Goldman Sachs expects deep interest rate cuts January 22, 2025 Markets are significantly underestimating the chance that the Bank of England will have to step up the pace of cutting interest rates, Goldman Sachs has argued. Traders anticipate just two interest rate cuts this year with one more cut priced in for 2026, which would leave the benchmark Bank Rate at 4.0 per cent. It [...]
Wall Street banks JP Morgan, Citi and Goldman Sachs report bumper profit January 15, 2025 Some of Wall Street’s biggest banks reported a surge in profit today on the back of a rebound in dealmaking and strengthening equity markets toward the end of last year. JPMorgan Chase, the US’s biggest lender, said profit had jumped 50 per cent to $14bn (£11.41bn) through the final quarter as its dealmakers and traders [...]
Morgan Stanley the latest US bank to flee climate coalition ahead of Trump return January 3, 2025 A slew of US banks have exited a climate coalition in the days leading up to Donald Trump’s presidential inauguration. Yesterday evening, Morgan Stanley became the latest US bank to depart from the Net Zero Banking Alliance, as pressure increasingly mounted on financial institutions from Republican lawmakers. Despite leaving the alliance, Morgan Stanley said in [...]
Goldman Sachs: Why Budget tax hikes may hit harder than economists expect December 3, 2024 The research from the US investment bank is the latest attempt to get to grips with the likely impact of the tax changes announced in October's Budget.
Budget will hurt UK wage growth, Goldman Sachs warns November 18, 2024 UK consumer spending is set to slump next year and dent UK growth, analysts at Goldman Sachs have warned, as the impact of the Budget ripples through the economy. The rise to employers’ national insurance (NI) contributions will lead to slower wage growth for staff and higher costs for consumers, the investment bank wrote in [...]
In the battle for talent, we must offer Gen Z the opportunity to shape their world November 13, 2024 Gen Z are increasingly looking for jobs that reflect their values, so philanthropic and volunteering opportunities are a great way to attract talent, says Asahi Pompey Steve Jobs once confessed that the secret to his success was going to “exceptional lengths to hire the best people in the world”. Our experience is that to attract [...]
Europe’s banks brace for tougher competition under Trump 2.0 November 9, 2024 Since early 2010, European banking shares have fallen ten per cent, while US lenders have more than tripled.
Goldman Sachs cuts UK growth forecast following Trump’s election victory November 6, 2024 The investment bank warned that Trump's proposed tariffs would have a noticeable impact on economic growth in European economies next year.
Why the Budget complicates life for the Bank of England November 5, 2024 Just when it seemed that inflation was finally coming under control, the government has announced a big increase in public spending.
Bank of England to cut interest rates to 2.75 per cent, Goldman predicts October 21, 2024 The US investment bank argued that Bank Rate would fall to as low as 2.75 per cent by November next year, whereas it had previously expected the terminal rate to be three per cent.