Influential CLSA bank analyst Mike Mayo may have been wrong about putting a sell rating on Bank of America stock but insists he remains "dead right" for calling out perceived accountability issues at the bank.
Morgan Stanley hopes to expand its $500 million share buyback program, said CEO James Gorman, adding that not doing so would be a disappointment.
The Dutch central bank failed to act after receiving signals Rabobank Groep was involved in rigging benchmark interest rates, members of Parliament said.
This is safe for work.
The CEO of UBS' investment banking division, Andrea Orcel, has admitted that the winding-down of its fixed-income business may hit the Swiss bank's overall performance.
Bang goes the bonus pot.
The Chairman of the firm responsible for the UK taxpayers' stake in Lloyds and Royal Bank of Scotland says RBS could face further fines from regulators over sales linked to the US sub-prime mortgage crisis
A new study out of Schwab's IMPACT conference finds that investment advisors are expecting great growth ... along with a bombardment of competition.
While most of the private jet market is weak, some owners of Gulfstream's top-of-the-line G650 are "flipping" the planes for big profits.
Compensation for Wall Street’s equities salesmen and traders is expected to rise in 2013, while total pay for employees in fixed-income units may drop 10%, according to recruitment firm Options Group.
Gordon Brown is to join the former central bankers Ben Bernanke and Jean-Claude Trichet on a new five-strong new global advisory board established by the international investment firm Pimco in his first role in the private sector since resigning as prime minister in 2010.
The value of mergers and acquisitions has hit an all-time high following the $13.9bn takeover of the US coffee company Keurig Green Mountain by Germany’s Reimann family.
Traders are watching out for headwinds from the energy market as well as the reactions across markets as they countdown to the Federal Reserve's rate meeting next week.