Rochdale Securities is struggling to secure a deep-pocketed buyer three weeks after a former trader, identified as David Miller, saddled the firm with $1bn in 'unauthorized' Apple trades that it wasn’t able to cover.
Level Global co-founder Anthony Chiasson and Todd Newman, a former fund manager for Diamondback Capital Management LLC, used a 'corrupt chain' of insiders at public companies to make more than $70m for their funds, a prosecutor told a jury at the start of the men’s trial.
The New York State Attorney General’s office on Tuesday announced a $210m settlement with Ivy Asset Management, an investment firm that steered money to Bernard Madoff.
Goldman Sachs would have $728bn in risk- weighted assets under new capital rules, a 67% jump from the amount it had under earlier regulations.
Onexim Group and Renaissance Group announced today that they have agreed a series of transactions whereby Onexim Group will purchase Renaissance Group’s stakes in Renaissance Capital Investments Limited (“RCIL”), Renaissance Capital Limited (“RCL”) and Renaissance Capital International Services Limited (“RCISL”) for an undisclosed amount.
Deutsche Bank continues to expand its art activities.
Goldman CEO Lloyd Blankfein issued a warning to rival firms Tuesday - don't axe too many jobs.
Bank of America salespeople assigned to the world’s biggest stock portfolio managers were given new orders by their boss in September: attend at least 30 meetings a month with clients - or else.
ICAP, the world’s largest broker of transactions between banks, said fiscal first-half pretax profit fell 26% as Europe’s sovereign-debt crisis hurt trading. The shares tumbled the most in more than two years in early trading in London.
Barclays faces having to reveal the names of 208 staff linked to attempts by the bank to manipulate Libor at a London High Court hearing.
New millionaires in China and India have helped propel the combined wealth of Asia Pacific’s richest individuals past their peers in Europe, with the region’s wealthiest predicted to become more affluent than millionaires in North America over the next 12 months.
Fit and first.
Some of the UK's top financial services and law firms have been accused of imposing a 'poshness test' when hiring new graduates, locking bright working-class applicants out of some of the top jobs, a government research report has found.