Steve Slater is associate editor of International Financing Review based in London and is responsible for the People & Markets section. Steve has worked for Thomson Reuters since 2001. He joined IFR at the start of 2016 after a decade covering European banks for Reuters, including the financial crisis bail-outs and nationalisations, takeovers, senior management changes and industry scandals. He has worked as a financial journalist in London and New York, covering commodities, equities and banking and capital markets.
At the same time that Goldman Sachs was turning in its worst performance in fixed income trading since the 2008 financial crisis, it also enjoyed its best ever quarter in debt underwriting – reflecting a shift in its focus.
Barclays is cutting about 100 jobs in its investment bank and has merged responsibility for running treasury with its investor relations as it makes another attempt to streamline operations and improve returns, people familiar with the matter said.
The US Department of Justice has charged the former head of Barclays’ New York foreign exchange operation over his alleged role in a scheme to defraud a client of the bank, the DoJ said.