Credit Suisse has sued its former Vice President of emerging markets, Agostina Pechi, claiming she stole the bank’s trade secrets in a bid to win clients for her new employer, Goldman Sachs.
UBS's brokerage unit has named a new head for its private wealth management division, as the company looks to expand its business catering to clients with $10m or more in investable assets
Bloomberg columnist Jonathan Weil writes:
The minister in charge of tax expressed support for a strategy to undermine evidence from a whistleblower who uncovered the notorious Goldman Sachs "sweetheart" deal, according to emails seen by the Guardian.
An influential shareholder advisory firm has recommended that investors withhold their support for three JPMorgan Chase directors, citing 'material failures of stewardship and risk oversight' in the wake of a big trading loss last year.
By Stephen Archer, director of business consultancy Spring Partnerships.
Attorney General Eric Schneiderman has announced his intention to sue Bank of America and Wells Fargo for repeatedly violating the terms of the National Mortgage Settlement.
Rather than being simply a one-off event that Wall Street could dismiss as an aberration, the Flash Crash now looks like it was just the first warning shot.
'It is full of salacious and inaccurate BS'.
Commerzbank has said it won’t appeal a U.K. court ruling that paves the way for 104 bankers to recover $66m in bonuses after four years of legal skirmishing.
A third large state pension fund is lining up against Bank of America boss Brian Moynihan, The New York Post has learned.
Royal Bank of Scotland has agreed to pay £84.4m ($129.4m) to resolve claims by a U.S. regulator that it sold toxic mortgage-backed securities to now-failed credit unions, according to a court filing on Tuesday.
Canadian Imperial Bank of Commerce has made two key executive changes within its wholesale banking business as Canada's fifth biggest bank further consolidates under Chief Executive Victor Dodig.