Morgan Stanley, the Wall Street firm most dependent on wealth management, is combining some trading teams from its investment bank and brokerage to boost bond sales to rich clients.
UBS became a favourite with investors and the envy of European rivals after Chief Executive Officer Sergio Ermotti scaled back its trading unit to focus on managing the more than $2tril that wealthy customers have at the bank.
Credit Suisse shareholders should reject the $36m in bonuses the bank is proposing to pay top managers for 2015 after the year wound up as a loss, two advisory groups say.
It's going to take longer on Wall Street to pick up a full bonus check, if the National Credit Union Administration gets its way.
Goldman Sachs and Vista Equity Partners agreed to settle claims they cost Tibco Software investors $100m by miscounting the number of shares involved in a buyout of the maker of business computer programs.
Blackstone Group, the world’s largest manager of alternative assets, said first-quarter profit fell 77% as rocky markets curbed asset sales and new buyouts.
Elizabeth Warren is not thrilled with the US Securities and Exchange Commission.
Bank of New York Mellon has posted a five per cent increase in first-quarter profit due to heavy cost cutting and the US interest rate hike in December.
Here's a note of 5 things you should never do during an exit interview.
To see how Wall Street has changed over the past decade, look to Goldman Sachs under Lloyd C. Blankfein.
UBS is set to reduce capital needs by shifting its European wealth-management operations to a single unit which will probably be based in Germany, according to Juerg Zeltner, who oversees the business.
The election of Donald Trump as President of the United States could lead to chaos in markets and increased policy uncertainty that tip the world into recession, according to Citigroup.