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Gary Cohn Says Fed Hikes Hurt Banks More Than They Help the Economy

Former Goldman Sachs Group Inc. President Gary Cohn said the Federal Reserve needs to “take a deep breath” after rate hikes meant to fight inflation hurt the banking sector.
SNB’s New Rate Setter Will Be NY Fed Official Antoine Martin

(Bloomberg) -- Antoine Martin, an official at the New York Federal Reserve, will become the Swiss National Bank’s newest interest-rate setter next year.
Goldman Sent Inaccurate Data to the SEC on 163 Million Trades

Goldman Sachs Group Inc. agreed to pay a $6 million fine on Friday for sending inaccurate or incomplete trading data to the Securities and Exchange Commission covering at least 163 million transactions over a decade.
Evergrande Scraps Creditor Meetings, Revisits Restructuring Plan

China Evergrande Group canceled key creditor meetings that had been set for early next week and said it must reassess its proposed restructuring, adding further uncertainty to what would be one of the nation’s biggest ever restructurings.
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Fed Officials See More Rate Hikes Possible While Inflation Persists

(Bloomberg) -- Two Federal Reserve officials said at least one more interest-rate hike is possible and that borrowing costs may need to stay higher for longer for the US central bank to ease inflation back to its 2% target.

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