Trader Brian Hunter is the man who has the dubious distinction of being responsible for one of the biggest trading losses ever.
The rumour mill is working overtime once again over at Bank of America. And this time it relates to the selection of a new head for the firm's US wealth management division.
2010 London banker bonuses fell by 8% to £6.7b, down from £7.3bn the year before.
Dealbreaker has reported that four UBS employees in Stamford, all said to be working in the back office, were sent home last week and told not to come back.
Benjamin Franklin Edwards III was a stockbroker who expanded A. G. Edwards, a brokerage firm founded by his great-grandfather, from a regional firm to a nationwide stockbroking powerhouse, building it into the largest American brokerage firm headquartered outside of New York City.
By Diana B. Henriques
The Financial Times reports that Barclays is to shed 'several hundred' UK corporate banking jobs as it moves to restructure its global operations.
UBS posted its first-quarter earnings Tuesday.
Morgan Stanley posted a profit of $968m in the first-quarter, after trading revenues almost tripled from the fourth-quarter, although earnings fell 45% compared to Q1 2010. The firm also took a bath from its 40% ownership in Mitsubishi UFJ Morgan Stanley, which lost $1.54bn in its last quarter due to trading losses.
Hey, you're never going to keep everyone happy, but Citi CEO Vikram Pandit had an easier time of it at the firm's AGM last week'.
Europe's banks are under siege from digital disruption, and must make huge IT investments to stay competitive, according to a report out on Monday.
To cut or not to cut ?
Deeb Salem, a former Goldman Sachs trader who said he helped the bank earn more than $7bn, wants to be paid the almost $5m difference between his 2010 bonus and what he told his mother to expect.