The Financial Industry Regulatory Authority (FINRA) has announced that it has fined Merrill Lynch, Pierce, Fenner & Smith Inc. $1.05m.
The efforts in Congress to break-up "too big to fail" banks in the U.S. run the risk of allowing Chinese banks to takeover as leaders on the world financial stage, an influential banking analyst told CNBC on Tuesday.
Oh, that's got to hurt.
When UBS wealth manager Abdallah Najia came to Switzerland from Dubai in March for a week of training, he was as stunned by the message as by the scenery.
Credit Suisse is facing a shareholder revolt over pay after an influential advisory group asked investors to block the Swiss bank’s plan to issue shares for employee bonuses.
I was just 16-years-old when I wrote to Margaret Thatcher. It was 1975, and she had just become Leader of the Conservative Party.
The long exile of "trading" from the earnings reports of Goldman Sachs has come to a quiet end.
European lawmakers voted on Tuesday to cap banker bonuses at the region’s largest institutions, as part of a major set of reforms designed to curb the financial industry’s risky behavior.
Bank of America Corporation has reported net income of $2.6bn for the first quarter of 2013, compared to $653m in the first quarter of 2012. Revenue, net of interest expense, on a fully taxable-equivalent basis rose 5% to $23.7bn from $22.5bn a year ago.
The deadly Boston Marathon bombings won't "change the way we live" in the United States, said Jack Jacobs, a retired U.S. Army colonel who received the Medal of Honor.
Dennis Lafferty, one of Goldman Sachs’s top distressed-debt traders, is in talks to join HSBC to run a new loans and special situations unit in New York, according to two people with knowledge of the matter.
Zar Amrolia, who helped build up Deutsche Bank’s fixed-income and currencies business, is leaving the bank after ten years to help run a British electronic market-making business.
Mining analyst Justin Froneman said he left Credit Suisse’s equity research unit in South Africa just over a year after joining the financial-services group.