Bank of America Merrill Lynch has hired Winston Cheng from Goldman Sachs as Asia ex-Japan head of its technology, media and telecommunications banking group, according to a memo seen by Reuters on Monday.
Banca Monte dei Paschi di Siena SpA’s largest shareholder has decided to sue two of the Italian bank’s former managers including ex chairman Giuseppe Mussari as well as Nomura and Deutsche Bank over the alleged use of derivatives to mask losses.
Jon Corzine will not be cuffed over MF Global’s improper handling of customers’ funds leading up to the commodity brokerage firm’s spectacular collapse in late 2011, The New York Post has learned.
Deutsche Bank will reduce its balance sheet as regulators implement stricter rules on the relation of equity to total assets, Chief Financial Officer Stefan Krause said.
The new craze in the wealth-management world is wealthy women.
Citi's Board of Directors has announced that it has elected Gary M. Reiner and James S. Turley as new independent directors.
A large hedge fund that invested in shares of the government-sponsored mortgage companies Fannie Mae and Freddie Mac has sued the U.S. Treasury Secretary, and the head of the Federal Housing Finance Agency, along with the agencies themselves, arguing that their attempts to wind down the companies violate a Congressional mandate.
A devastated London-based trader threw himself in front of a train after being ‘pressured’ into leaving his job, an inquest heard last week.
Citigroup has asked a court to throw out William Salomon’s lawsuit accusing the bank of supplying the former Wall Street banker and son of the founder of Salomon Brothers with a personal secretary who was later convicted of stealing from him.
Credit Suisse will face a $700 million legal battle in London's High Court in October 2014 over the sale of rights to one of the largest onshore oil and gas projects in Azerbaijan, according to spokespeople for both sides.
Bank of America Merrill Lynch (BofAML) has been recognised by EMEA Finance magazine, a leading industry trade outlet, in its 2015 Treasury Services Awards, winning three accolades for treasury and FX services across the region:
Fortress Investment Group expects to shutter its macro hedge fund and trader Michael Novogratz will leave the firm, sources close to the firm told CNBC.
Embattled German carmaker Volkswagen announced Tuesday it would cut annual investment by 1 billion euros ($1.1 billion) after a special board meeting in the wake of the emissions scandal that has thrown the company into crisis.