Beset by market volatility, crowded into similar strategies and bogged down by huge piles of investment capital, hedge funds are struggling this year.
Deutsche Bank director Georg Thoma’s decision to step down after criticism that he went too far in probing potential wrongdoing raises concern that the bank’s board cannot investigate itself, according to a shareholder advisory group.
Hedge fund boss Paul Marshall is set to make a large donation to the campaign for the UK to leave the European Union.
UBS is introducing a new organizational structure in its flagship wealth management business in a move which aims to cut costs by hundreds of millions of dollars, according to a memo seen by Reuters.
Goldman Sachs’s Dalinc Ariburnu is leaving the firm and being replaced as co-head of sales for fixed-income, currencies and commodities by Jim Esposito.
Centerview Partners hired Stuart Smith as a partner in the health-care team from Credit Suisse, according to people familiar with the matter.
In less than seven days, hedge funds have been subject to a three-pronged attack by some of the biggest names in finance.
Credit Suisse’s shareholders should reject the bank’s pay proposals, Swiss remuneration crusader Thomas Minder said at the annual general meeting in Zurich on Friday.
Hong Kong is the latest city to follow the example of the UK's financial watchdog and set up its own scheme to accelerate the development of financial technology.
European banks are more akin to their Japanese counterparts and less like Wall Street, warns JPMorgan
Here are 10 things that Wall Street believes that make absolutely no sense in the real world, says Josh Brown.