UBS’s decision to cut as many as 10,000 jobs and retreat from capital-intensive trading businesses will help position Switzerland’s largest bank to return more funds to shareholders.
Billionaire financier and Home Depot co-founder Ken Langone told Bloomberg Television's Trish Regan on 'Street Smart' Friday that he is 'proudly part of the 1%. I worked like hell to become part of the 1'.
The Securities Industry and Financial Markets Association (SIFMA) recommends a full market close on Tuesday, October 30, for the trading of U.S. dollar-denominated fixed-income securities in the United States due to Hurricane Sandy and severe weather.
Hurricane Sandy has closed New York's stock markets as the city prepares for the worst – but although finance chiefs may be sitting it out at home they are already trying to calculate the costs.
It's not his fault, he says.
Unauthorized disclosures to media of nonpublic information related to Facebook Inc.’s initial public offering have cost two Citigroup analysts their jobs.
UBS and Royal Bank of Scotland Group suspended more than three traders in Singapore as regulators investigating Libor-rigging turn their attention to the rates used to set prices on foreign exchange derivatives.
Massachusetts officials said Friday they have unearthed violations committed by Citigroup’s research department surrounding Facebook’s IPO and its coverage of Google — the results of which have cost two Citi analysts their jobs.
Julian Robertson, founder of Tiger Management, appeared on 'Bloomberg Surveillance' with Tom Keene and Sara Eisen Friday morning, saying that hedge funds that have positioned themselves for a 'black swan event' are making a 'mistake'.
VTB Capital and Evercore Partners have announced that the two firms have established a strategic cooperation agreement to work together in developing cross-border transactions between Russia and North America.
Goldman Sachs is cutting at least three banker jobs at its wealth-management business in Brazil as part of a restructuring, according to people with direct knowledge of the matter.
So, marks out of 10, what would you award the UK and Hong Kong for “long-term stability”? We Brits win that one, surely, if we’re talking political stability: possible exit from the EU looks more comfortable than having the Chinese Communist party breathing down your neck.
Here's why Sen. Elizabeth Warren's criticism of SEC chair Mary Jo White is just plain wrong, says Harvard Professor Hal S. Scott.