Credit Suisse has announced that it has signed an agreement to sell its exchange traded funds (ETF) business to BlackRock, Inc. (BlackRock). This is an important strategic step in an industry that requires significant scale, and allows Credit Suisse to realize value in a business successfully built over many years.
Wesley Wang, a former analyst for SAC Capital Advisors LP’s Sigma Capital unit, was sentenced to two years’ probation for insider trading after cooperating with a government investigation.
Banks are "too arrogant" and must undergo sweeping cultural changes, a top banker at UBS said on Wednesday as the Swiss bank was described by the incoming archbishop of Canterbury, Justin Welby, as a "corrupted organisation".
Germany's Deutsche Bank benefited from trades pegged to the London Interbank Offer Rate (Libor) currently under investigation, the Wall Street Journal reported on Thursday, adding that the bank made at least 500 million euros ($654 million) in profit from the trades in 2008.
A commuter ferry carrying passengers to New York City from New Jersey crashed into a pier near the financial district during rush hour, sending bodies flying and injuring dozens, including two critically, police said.
Under the spotlight is Lucas van Praag, the former Goldman Sachs communications head who now runs his own PR firm.
You might have assumed that advising Royal Bank of Scotland in 2007 to go ahead and lead a three-way consortium bid for ABN Amro would wreck the career of a senior investment banker given the mess that resulted.
The Securities and Exchange Commission has announced that Enforcement Director Robert Khuzami will leave the agency after nearly four years of leadership.
Twitter is coming under increasing pressure from the French government over homophobic, racist and anti-semitic tweets which Paris says contravene its laws on hate-speech.
Here is 9 examples of some costly celebrity scandals
Barclays has hired Reinhard Koester as a managing director covering specialty finance companies in the United States, according to people familiar with the matter who asked not to be identified because the appointment is not yet public.
Houlihan Lokey, the independent merger-advisory firm, filed for an initial public offering as a surge in dealmaking increases demand for boutique banks.
Worldwide announced Small-Cap M&A deals valued up to $50 million (including undisclosed value deals) totaled US$70.8 billion in the first half of 2015 – a 10.8% increase year-on-year.