Here's a few links to some interesting Bloomberg and Reuters stories currently doing the rounds.
Moelis & Co has announced its expansion into China with the opening of a subsidiary in Beijing.
Here's five firms and some more job loss news.
Dow Jones reports that Cantor Fitzgerald continues to add staff and expand at a time when most rivals are scrambling to reduce headcount.
Here's a few links to some interesting BBC, Bloomberg, New York Times and Reuters stories that have been hitting the headlines.
It would be highly amusing - at any other time.
Washington - The Securities and Exchange Commission has charged UBS Securities LLC for inaccurate recording practices when providing and recording 'locates' to customers seeking to execute short sales.
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Morgan Stanley & Co. Inc. and Morgan Stanley Smith Barney LLC $1m and ordered $371,000 in restitution and interest to customers for excessive markups and markdowns charged to customers on corporate and municipal bond transactions, and related supervision violations.
Royal Bank of Scotland is exiting its corporate loans and debt capital markets business in the Middle East and Africa.
Bill Gates is the latest prominent figure from the technology industry to express concern about the future evolution of artificial intelligence, although he thinks it will be “decades” before super-intelligent machines pose a threat to humans.
Societe Generale is entering the U.S. commercial-mortgage-backed securities market and has hired a team of more than 10 people from Royal Bank of Scotland for the effort.