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BNP Paribas CEO talks on big takeovers

Mouth - Julia Freeman-Woolpert

BNP Paribas has ruled out big takeovers like Commerzbank as it builds its presence in specialised banking businesses in Germany over the next three years, the French lender's CEO said on Wednesday.

IFMI cuts jobs by 20%

Pair Of Scissors

Institutional Financial Markets is cutting 20% of its workforce as the investment firm consolidates its PrinceRidge and JVB Financial Group units into a single broker-dealer.

Lamborghini's boy wonder of sales

Lamborghini Aventador Still

Meet Brett David, the boy wonder of supercar sales. He's sold more than $1 billion of cars over the past seven years and is the nation's largest Lamborghini dealer.

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Hedge Fund

BofA starts program for hedge fund start-ups

Bank of America’s Merrill Lynch unit plans to sign up five Asian hedge-fund start-ups a year as part of its emerging manager program that gives them exclusive access to the bank’s resources, usually reserved for managers of billions of dollars.