Reuters bounced back into the black last week with a half-year pre-tax profit that was buoyed by major wins at Goldman Sachs, Lehman Brothers and Landesbank Rheinland-Pfalz.
Reuters’ return to profit from its first loss in its 151-year history last year had been driven by cost savings achieved by laying off thousands of staff and eliminating half its information services under a three-year Fast Forward plan that was announced in February (IMD, Feb. 24).
Securing Goldman Sachs is an important
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails