James Gorman may be about to feel some pain in Massachusetts.
Elon Musk is the most admired business leader among top MBA students, according to a Poets&Quants survey.
Five U.S. investment banks promised British finance minister George Osborne on Thursday that they would try to help London keep its top spot as a financial center, but gave no commitment on jobs following Britain's vote to leave the European Union.
Pacific Investment Management Co., which manages $1.5tril, hired Gene Frieda as global strategist for emerging markets and Yacov Arnopolin as emerging market portfolio manager.
The US Department of Justice has dropped charges against three former ICAP brokers charged with Libor manipulation offences after they were acquitted in the UK.
Switzerland's banking sector hopes to build a coalition with other international financial centres, including Britain, in order to help with negotiations around access to European Union markets.
The former chief executive of Barings Bank has questioned Tory leadership contender Andrea Leadsom's claims of working at the centre of attempts to halt a financial crisis in the aftermath of the bank's collapse.
Global sovereign wealth funds are waiting to pounce on bargains instead of paring stakes in the U.K. following the Brexit vote, a senior industry expert said Friday.
Six UK banks have been downgraded by Standard & Poor's (S&P) over concerns about risks arising out of the recent vote to leave the EU.
Four ex-Barclays bankers have today been given prison sentences totalling 17 years between them for their roles in the Libor-rigging scandal.
Elizabeth Warren might have been happy to see the sudden resignation of former Wells Fargo CEO John Stumpf last week. But that doesn't mean she's a fan of the new boss.
Deutsche Bank should shrink its securities business and eliminate more jobs to help lower costs further, according to some of the bank’s largest investors.
Two senior staffers of major investment banks have called on the UK to secure a transition period for industry post-Brexit.