A former Barclays trader on trial for rigging Libor was admonished by the judge for an outburst that interrupted a co-defendant being questioned by a prosecutor.
The pressure on banks to squeeze every possible pound from their businesses has forced some firms to downsize their offices, in some cases requiring staff to share desks to make the most of their space.
A pilot program will commence later this year.
Garret Jankowski, a former loans trader at Credit Suisse, joined broker-dealer Bay Crest Partners this month.
Credit Suisse sold $222m of bonds designed to offload potential losses on events like rogue trading, with some investors sidestepping the issue because of the incalculable risk.
Barclays fostered a culture where traders faced "significant consequences," including firings, if they didn’t follow instructions of bosses, according to a former trader at the bank on trial for rigging Libor.
Hillary Clinton has been Wall Street's presidential candidate so far by a large margin, but she is about to face some competition.
Worldwide M&A activity totals $1.2 trillion, down 18% compared to YTD 2015
The most senior of five former Barclays bankers accused of manipulating Libor rates forced junior traders to do his dirty work for him, prosecutors said.
Standard Chartered has stepped up its hiring from Barclays’ private-banking team in Hong Kong ahead of the transfer of the business to Oversea-Chinese Banking Corp, in a move that underscores the stiff competition for wealth managers in Asia.
Wells Fargo's reputation has taken a major hit on Main Street, and now Wall Street is jumping on the bandwagon.