Recent Posts

What’s in PM Modi’s budget for Indians? Precious little

An all-out push to revive its sputtering economy is not within India’s reach. Instead of spending meager local resources to rebuild faltering demand, New Delhi is betting that world growth this year will be down in the dumps — and that will make India appear attractive to foreigners even when it really isn’t. The budget unveiled by Prime Minister Narendra ...

Read More »

Better days are here for fund managers

What a difference a year makes. This time in 2019, all of the numbers at DWS Group GmbH were heading in the wrong direction. Four consecutive quarters of outflows in 2018 drove assets under management to their lowest in at least two years, revenue declined, and the firm’s cost to income ratio rose. The German fund manager was far from ...

Read More »

Goldman, Deutsche Bank have something in common

For the first time in more than two decades as a publicly traded company, Goldman Sachs Group Inc. laid out a detailed strategic vision and financial ambitions to investors. Corporate slogans aside, the big reveal is that Goldman will be playing catch-up for some time. The Wall Street titan presented plans to add $5 billion of revenue and improve profitability ...

Read More »
Send this to a friend