Blackstone, the money-management firm seeking to attract more individual investors, raised almost $1bn from Fidelity Investments for its mutual fund that will invest in hedge funds, Fidelity said.
Wall Street’s self-regulator is looking into whether research analysts are participating in pitches to win business underwriting initial public offerings, according to a person familiar with the matter.
Inflation fell in July but remains well in excess of pay rises for the average British worker, leaving many households struggling with falling incomes.
Goldman Sachs has been subpoenaed by federal regulators investigating complaints that the financial giant’s metals warehouses have intentionally created delays and inflated the price of aluminum.
Federal investigators arrested former Charleston banker Chris Latham last Tuesday (6th) evening in connection with a sealed indictment while he was vacationing in the Upstate, his attorney said.
As SAC Capital fights an insider trading indictment and braces for investor withdrawals, the giant hedge fund has quietly shuttered one of its stock trading units, people briefed on the matter said.
Deutsche Asset & Wealth Management announced that Felipe Godard will join the Firm as a Managing Director and Head of Wealth Management, Latin America, effective October 1, 2013.
Bruno Iksil, the former JP Morgan trader whose bets caused more than $6.2bn in losses last year, is now central to any US charges against his former colleagues.
Synnöve Trygg has decided to leave SEB after almost 20 years as head of the bank's cards business (SEB Kort).
Javier Martin-Artajo, the former JPMorgan executive reported to be under threat of arrest over the "London Whale" trading losses, escaped the City to a prestigious country address - which appeared empty on Monday.
Sanford I. Weill, a Wall Street billionaire, and his wife, Joan, have decided not to donate $20m to a struggling northern New York college after a judge ruled that it could not be renamed for Mrs. Weill, college officials said on Thursday.
Twelve months have passed since the nerve-shredding "flash crash" in US Treasurys and the financial industry is pushing though initiatives aimed at improving stability and liquidity in global fixed income markets.
'Accelerating the next phase of our transformation program to create cost efficiencies'.