Sad to report.
Credit Suisse CEO Tidjane Thiam said hedge funds are wrong to assume that the bank will have to raise additional capital after the shares touched a fresh all-time low last week, according to two people with knowledge of the matter.
JPMorgan has promoted Lori Beer to chief information officer for corporate and investment banking, replacing Mark Ashton-Rigby who left recently for Barclays.
Rabobank has struck a partnership with Kepler Cheuvreux, Europe's largest independent broker, and will shed its own equity research and brokerage team, the bank said on Tuesday.
The jury in the London trial of five former Barclays traders charged with conspiracy to manipulate global Libor interest rates retired to consider its verdict on Monday after hearing more than 10 weeks of evidence.
Jonathan Conway, Barclays’ head of credit restructuring in Europe, the Middle East and Africa, has left to join private-equity firm KKR & Co.’s Pillarstone business, according to a person with knowledge of the matter.
The world’s most famous currency speculator has warned that a vote on Thursday for Britain to leave the EU would trigger a bigger and more damaging fall for sterling than the day he forced Britain out of the Exchange Rate Mechanism almost a quarter of a century ago.
Billionaire fund manage Bill Gross claims he has suffered damages in excess of $200 million from Pimco, his former employer.
A grueling couple of weeks lie ahead for big banks, which will be tested by market volatility as well as regulatory exams.
John Mack, former chairman and CEO of Morgan Stanley, tells CNBC he sees "geopolitical risk" as the biggest threat to global prosperity.
Billionaire George Soros pledged on Tuesday to invest up to $500 million in programs benefiting migrants fleeing life-threatening situations.
Some of the world’s largest hedge funds are expanding in Asia as they seek new areas of growth amid the industry’s struggles to make money and retain investors.
It’s survival of the fattest in private equity-land, and the new dynamic may force more M&A among investment firms.