at least a few hundred more jobs, Bloomberg Law reported on Monday, citing people familiar with the matter.
Global banks, including Morgan Stanley and Citigroup Inc, have reduced their workforce in recent months as a dealmaking boom on Wall Street has fizzled out due to high interest rates and soaring inflation. The move came after Goldman signaled it was scaling back its ambitions for Marcus, the loss-making consumer unit, in October. Marcus was moved into the bank’s wealth management arm as part of a reorganization of the company’s main business units.
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Goldman Sachs buying crypto firms, FTX news, 3AC and Celsius updates: Hodler’s Digest Dec. 4-10Musk also thinks that crypto assets will find their place as a check on central banks and global monetary policies in the long run. Catch up on more memorable quotes from last week in our Hodler’s Digest: Musk crashed Dogecoin ($0.75 to $0.05) following his appearance on SNL, then he blew up Bitcoin ($69,000 to $16,000) following his 'test sell' of the Bitcoin network. These 2 events crashed the overall crypto market and started crypto winter. Musk is no friend to crypto. Nazi says what? I agree the US dollar will be stronger worldwide riding on a Bitcoin standard network, spend dollar with deflationary backup.
Source: Cointelegraph - 🏆 562. / 51 Read more »