Goldman Sachs will limit loan growth in one of its new business areas if it sees a marked deterioration in credit quality, potentially jeopardizing new Chief Executive David Solomon's task of boosting revenue by $5 billion by 2020.
Wall Street's top investment banks reported better-than-expected quarterly profits on Tuesday, helped by strength in stock trading and equity underwriting, wrapping up what has been a strong quarter for the big U.S. banks. | Video
Wells Fargo & Co posted a 32 percent jump in quarterly profit on Friday, as the bank made headway in its cost-cutting plan and worked to put past misdeeds behind it. | Video
Eli Lilly unit Elanco Animal Health Inc's shares jumped as much as 41 percent on their stock market debut on Thursday, adding to investor enthusiasm for the fast-growing pet healthcare market.
Aug 17 Indian shares rose on Friday with
financials and consumer staples leading the gains, while strong
broader Asian peers which cheered Washington and Beijing's
decision to hold trade talks next week also boosted investor
Aug 16 Indian shares recouped early losses and
were largely unchanged on Thursday as weakness in financials and
materials were offset by gains in IT stocks after the rupee hit
a fresh low against the dollar.
NEW DELHI/BENGALURU India's Axis Bank Ltd expects a further revival in the second half of the year after reporting a smaller-than-expected drop in first-quarter net profit and an improvement in asset quality on Monday.
Shares of Idea Cellular Ltd surged 16.6 percent to their highest in over a month on Tuesday, after the operator paid the department of telecommunications (DoT) money it had demanded relating to its merger with Vodafone's India unit.
Goldman Sachs Group Inc was pressed for details on new businesses after an uneven second-quarter performance, a likely preview of challenges incoming Chief Executive David Solomon will face as he leads the Wall Street bank's overhaul. | Video
KKR & Co said on Monday it will buy Envision Healthcare Corp , one of biggest U.S. providers of physicians to hospitals, in a deal valued at $5.57 billion as it builds up its healthcare portfolio. | Video