This chapter explores the difficult quarter experienced by investment banks, including layoffs and the impact of low volatility on trading. It also features insights from a guest analyst, Allison Williams, discussing the current state of global banks.
Bloomberg Intelligence Senior Global Banks Analyst Alison Williams reports on both Goldman Sachs and Barclays planning to cut jobs. Bloomberg News International Economics & Policy Correspondent Michael McKee and Bloomberg News Economics Editor Molly Smith talk about the US economy and the US Open. Kenny Estes, CEO at Diffuse Digital 30, shares his insight on how investors can take advantage of opportunities in crypto. And we Drive to the Close with Mary Ann Bartels, Chief Investment Strategist at Sanctuary Wealth.
Hosts: Tim Stenovec and Jess Menton. Producer: Paul Brennan.
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