The rumour mill is working overtime over at JPMorgan Chase, and the smart money says that two senior firm executives are about to step down.
The New York Supreme Court has approval the dismissal of a lawsuit brought by French asset manager Oddo Asset Management against Barclays, which claimed that the UK bank 'allegedly dumped hundreds of millions of toxic mortgage assets on to unsuspecting investors' on the eve of the financial crisis.
Michel Barnier, the member of the European Commission responsible for Internal Market and Services, spoke at the Brookings Institute in Washington last week on the eurozone crisis, financial reform, Basel, accounting standards, managing failed banks, and banker bonuses.
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William Cohan, author of 'Money and Power: How Goldman Sachs Came to Rule the World' and a Bloomberg View columnist, discusses a report that the Manhattan District Attorney's office subpoenaed Goldman Sachs Group Inc. for information on the firm's activities leading into the credit crisis.
So, Morgan Stanley is the lead name on the prospectus for the Groupon IPO, hot on the heels of its successes bagging pole position on Pandora Media's forthcoming float and Linkedin's recent IPO, both considered 'hot and hip' deals.
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Here's the latest hiring news from around the financial markets.
Goldman Sachs Group Inc., the fifth-biggest U.S. bank by assets, received a subpoena from the Manhattan District Attorney’s office seeking information on the firm’s activities leading into the credit crisis, according to two people familiar with the matter.
Hong Kong/Shanghai – Citigroup and Orient Securities Company Ltd today signed definitive agreements, subject to regulatory approval, establishing a securities joint venture to operate in the Chinese domestic market.
The largest global investment banks face further cost reductions, like the job cuts JPMorgan began this month, after a drop in first-half expenses failed to match a decline in revenue.
Mirror, mirror on the wall, who's the fairest financier of them all ?
Bankers and MBAs are increasingly moving into the tech sector, but do companies like Twitter and Facebook have any need for them ?