UBS, the world’s biggest manager of money for rich people, imposed a partial hiring freeze at its wealth-management business as part of efforts to cut costs, said two people with knowledge of the matter.
When U.S. banks post second-quarter results in days, it’ll boil down to this: Bonus cuts are coming for just about everyone this year, says Wall Street recruiter Richard Lipstein. “If you are break-even, it’s an achievement.”
BANKS and financial services companies wishing to relocate their workforce from UK to another European city in the wake of Brexit and a potential loss of passporting rights will face costs as high as £50,000 per employee, according to New York-based consulting firm Synechron.
More than 70 banks and other City firms have agreed to link their bosses’ bonuses to the appointment of women to senior jobs in a push to break with male-dominated executive teams.
Unicorns, privately held companies valued at $1 billion or more, are now receiving the lion's share of venture capital invested, a new report reveals.
U.S. Bancorp catapulted its business selling investment-grade corporate bonds up league tables faster than any major rival since the financial crisis, jumping 49 rungs to rank No. 15 this year. That’s just the start of its aspirations in capital markets.
The FTSE 100 index burst into bull market territory after Theresa May emerged as successor to David Cameron, providing a further boost to surging stocks on both sides of the Atlantic.
Switzerland's politicians have done too little to protect the country's banks from demands for data from foreign governments, UBS CEO Sergio Ermotti said in an interview published by the SonntagsZeitung newspaper on Sunday.
Tales from the trading floor.
For the first time in its 44-year history, Sequoia Capital, one of the most vaunted venture capital firms in Silicon Valley, has hired a female investing partner for its U.S. operations.
UBS, the world’s third-biggest currency trader, said it processed a record number of currency trades during the minutes of the pound’s flash crash this month.
In the battle for supremacy on Wall Street’s equity trading desks, the most successful banks are dangling a precious resource in front of hedge-fund clients: a balance sheet.