Wall Street banks want to forget about 2023. But 2024 may not be much better.


Source: ca.finance.yahoo.com ca.finance.yahoo.com

Key Topics in this News Article:

News Snapshot:

This was yet another year to forget for much of Wall Street. Dealmaking slowed. Thousands of jobs were cut. Bonuses were slashed. How bad was it? By one measure, it was the worst in a decade. Through mid December revenue from investment banking was on pace to be the lowest of any year since 2013, according to data from Dealogic. Many of the biggest names on Wall Street are likely hoping for a new chapter in 2024. Goldman Sachs (GS) CEO David Solomon needs to show his firm can regain some of its swagger. Citigroup (C) CEO Jane Fraser is...