A committee led by Goldman Vice Chairman Michael Sherwood is now vetting candidates for promotions to Partner Managing Director, a Reuters source has said.
Deutsche Bank should introduce a cap for top salaries, and staff do not need to earn huge bonuses, Werner Wenning, a member of the bank's supervisory board, told Frankfurter Allgemeine Sonntagszeitung.
Defunct brokerage Lehman Brothers, which hasn’t paid institutional creditors a dime of its $25bn hoard after four years in liquidation, is facing louder demands to settle fights with affiliates and pay up.
Robert McKeon, the founder of private-equity firm Veritas Capital and a former chairman of Wasserstein Perella Management Partners, died Sept. 10 at his home in Darien, Connecticut. The cause of death was suicide, according to the office of Connecticut’s chief medical examiner.
The Securities and Exchange Commission has brought first-of-its-kind charges against the New York Stock Exchange for compliance failures that gave certain customers an improper head start on trading information.
Marc Faber, publisher of the 'Gloom Boom & Doom Report', told Bloomberg Television’s Betty Liu on 'In the Loop' Friday that “the fallacy of monetary policy in the U.S. is to believe this money will go to the man on the street. It won't. It goes to the Mayfair economy of the well-to-do people and boosts asset prices of Warhols.
Mizuho International has announced the appointment of Michiel de Jong as its President and Chief Executive Officer with immediate effect.
Michele Faissola, who spent 17 years helping expand Deutsche Bank’s investment bank, has a new project: building a money management unit that can compete with UBS and Credit Suisse.
Nomura Holdings has cut a team of London proprietary traders focused on stocks as Japan’s largest brokerage scales back in Europe, said two people with knowledge of the matter.
Here's a look-back at some of our most popular stories for all you Lehman-junkies.
Nomura and Royal Bank of Scotland may face $500m in damages for what a judge called an 'enormous' deception in the sale of defective mortgage-backed securities, a ruling that may spur other banks to settle similar claims tied to the 2008 financial crisis.
The government has cut its stake in Lloyds Banking Group to less than 20%, taking the amount returned from the bailed-out bank to the taxpayer to more than £10bn.
Richard Herman, global head of fixed income and currencies at Deutsche Bank, told employees he’s leaving after 20 years at the company to pursue interests outside of finance.