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Bank Of America Corp (NYSE: BAC) named Asia-Pacific President Jin Su as the region's head of global markets and appointed leaders for fixed-income, currencies, and commodities trading and sales. Su will continue to lead the region as president and chair of the Asia Pacific executive committee, Bloomberg cites an internal memo. The firm named Patrick Law as the head of the region's fixed income, currencies, and commodities trading, and Neelkanth (Piddi) Parekh was appointed head of sales for the

Goldman Sachs is set to cut 125 managing directors in its third round of job layoffs in less than a year as the company tries to save costs amid a deals slump.

Goldman Sachs Group Inc. has started cutting managing directors across the globe as the firm reduces its headcount amid a deals slump, according to people familiar with the matter.

Goldman Sachs Group Inc. has started cutting managing directors across the globe as the firm reduces its headcount amid a deals slump, according to people familiar with the matter.

The moves are part of a deep cost-savings drive at the bank, which has seen at least three rounds of job cuts in less than a year