Morgan Stanley may continue cutting assets in its fixed-income business for another five years as it seeks higher returns, said Howard Chen, a Credit Suisse analyst.
So here's a fun fact, the average salary of a Facebook intern is over $5,000 a month, according to recent research by Glassdoor
The CEO of Goldman Sachs says investors in bonds will suffer losses when rates go up. So why is his firm making millions selling them?
A former Wells Fargo banker was arrested on Thursday on charges of fraud, conspiracy and money laundering resulting from an insider-trading scheme that netted its participants $11m, the U.S. Justice Department said.
It's been a bad two weeks for this firm. All the news has been bad news.
By Guy Lawson
We asked you to come up with some captions to go with this photo.
Here's a note of 15 things that tend to go / get cut back when times get tough.
Over the course of the last few weeks we have been running some 'How To Spend Your Bonus' suggestions - expensive items for those with more money than sense.
There's an argument that agreement on banking union in the eurozone creates serious problems for the City and UK banks.
Jon Corzine and other former MF Global Holdings officials have reached a $64.5m settlement of litigation brought by investors seeking to hold them liable for the now-defunct futures brokerage's 2011 bankruptcy.
Sumitomo Mitsui Financial Group plans to hire about a dozen bankers for initial public offerings, a move that could challenge Nomura's stronghold as the biggest manager of debut share sales in Japan.
JPMorgan will create 1,000 jobs and retain over 2,600 workers in Jersey City, and invest more than $76m in New Jersey under a state tax credit program.