Credit Suisse’s surprise loss on illiquid trading positions, announced last month, may force the company to sell a larger stake in a unit than previously planned, according to Morgan Stanley.
Winning for an unprecedented 7th time in a row, over 84% of group employees cast their vote for Jefferies in this year's HITC Best Place to Work in the global financial markets poll.
Stress is the single biggest cause of sickness in the UK and affects 1 in 5 of the working population.
This year’s batch of Silicon Valley summer interns might earn more money than you.
Co-chief executive John Cryan said the results reflected wider challenging conditions in the first quarter.
Marco Arosio, a former executive at Citigroup, sued the bank for unfair dismissal, according to filings from a London employment tribunal.
A Barclays investment banker said his friendship with a former employee on trial for conspiring to manipulate Libor doesn’t mean he had any knowledge of attempts by multiple traders under his supervision to rig the benchmark rate.
Harvard University appointed Bob Jain, global head of Credit Suisse Asset Management who is joining Millennium Management, to the board overseeing its $37bn endowment, the fourth outsider added in the last year as the fund restructures.
Bank of America shareholders elected all 13 directors nominated by the bank at its annual meeting on Wednesday, while approving compensation for top executives in a non-binding decision.
At a time when Wall Street banks say they’re running out of reasons to trade with the U.S. government, Wells Fargo is jumping into the market.
UBS is eliminating about 15 jobs at its investment bank and corporate centre in Paris, according to a person with knowledge of the matter.
Tens of thousands of people have put their names to a petition protesting against the appointment of a former European Union leader to the investment bank Goldman Sachs, calling the move "irresponsible" and "morally reprehensible."
Bank of America has persuaded a judge to remove from the public record a claim by an employee that she was offered $500,000 to settle a case alleging her boss ran a “bro’s club” that favoured male employees.