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Added on the 07/07/2019 11:42:20 - Copyright : Wochit
Deutsche Bank is slashing 15,000 jobs and shedding assets as new Chief Executive John Cryan starts to implement a deep overhaul at Germany's biggest bank. As Ciara Lee reports it's not the only bank struggling to restructure.
Seoul, Jul 29 (EFE/EPA).- South Korean tech giant Samsung Electronics announced Thursday it posted a second-quarter net profit of 9.63 trillion won (about $ 8.3 billion), up 73.2 percent year-on-year, thanks to its branch semiconductors sales.The company also achieved a gross operating profit of 12.9 trillion won for April-June, 65.76 percent more than in the same period of 2020. (Camera: ARCHIVE).ARCHIVE FOOTAGE OF SAMSUNG HEADQUARTERS AND SAMSUNG SHOP IN SEOUL, SOUTH KOREA.
Goldman Sachs on Thursday reached a massive settlement with US authorities regarding a years-long financial scandal in Malaysia. The federal investigation involved the bank's work with Malaysia's 1MDB fund, and found bribes by Goldman executives in their underwriting of $6.5 billion in bond offerings. In a statement, CEO David Solomon admitted the bank's wrongdoing and said it had improved internal risk controls to prevent another incident. The bank also announced "clawback actions" for former employees that were implicated along with reductions in top executives' compensation, including CEO David Solomon.
Deutsche Bank's finance chief told staff representatives last month that job cuts at the bank could be double that planned, a step that could remove 10,000 further employees, a person with direct knowledge of the matter has told Reuters. David Pollard reports.
Deutsche Bank aims to cut roughly 23,000 jobs, or about one quarter of total staff, according to financial sources - while Italy's UniCredit is reported to be planning job cuts of its own. David Pollard reports.
US Vice President Kamala Harris tells the UN's COP28 conference that the United States will contribute $3 billion to a global climate fund -- its first pledge since 2014. 'Today, we are demonstrating through action how the world can and must meet this (climate) crisis,' Harris told world leaders at the summit in Dubai. SOUNDBITE