BLOOMBERG Bloomberg Daybreak Europe July 14, 2024
With hundreds of job cuts in its trading division. Banks either trading revenue slump. Banks see they are trading revenue slump. Matt we have breaking news out of the financial industry. Profitpany sees pretax materially below 2018. 2019 will be a big drop in pretax profit. The first half net fee and Commission Income was 171 million francs. Pretax profit was 2. 1 million swiss francs. Just. E money it has named a new ceo, Peter Sanderson will be the new ceo of gam. They are also lending a new chairman of the board, david jacob. Gam has assets under management 6. 1 billion swiss francs. It wil...
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