Citigroup has promoted Imraan Moola and Rory Hill to run equity-derivatives trading in Europe, replacing the region’s equities boss Ronan Connolly, two people familiar with the matter said.
Morgan Stanley set aside $1.89bn to pay employees at its investment-banking and trading division in the first quarter, 14% less than a year earlier.
BlackRock has hired former Morgan Stanley MS -1.74% banker Scott Greenberg to lead its new global capital markets division for Asia Pacific.
Barclays’ investment-banking chief Rich Ricci and wealth-management head Tom Kalaris, two of the last remaining members of former Chief Executive Officer Robert Diamond’s management team, will step down.
Prosecutors probing Banca Monte dei Paschi di Siena SpA’s use of derivatives to hide losses are seeking to seize as much as $2.6bn of assets held by Nomura Holdings Inc. (8604) in accounts across Europe.
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Deutsche Bank's co-chief executives will have their total pay for 2013 capped at $13m each, according to the agenda for the company's annual shareholders' meeting.
Morgan Stanley reported quarterly earnings and revenue Thursday that topped analysts' expectations, citing record gains in its global wealth management business.
Barclays has announced changes senior management within Corporate and Investment Banking, Wealth and Investment Management, and Barclays’ business in the Americas .
Bank of America’s revenue from fixed-income trading declined the most among peers in the first quarter, eroding the biggest profit source of the firm’s Merrill Lynch investment bank.
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Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalise on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according to people familiar with the bank's plans.
Bank of America has hired junk-bond trader Brian Zucker from Jefferies Group, according to people with knowledge of the matter.