Morgan Stanley bankers will be getting something new in their next performance review: adjectives.
Citigroup CEO Mike Corbat on Wednesday indicated that the company's second-quarter net income will be roughly 25% lower than the same period a year earlier.
Verus Partners, the boutique firm that advised the Saudi Arabian government when it raised $10bn in loans this year, hired Yusuf Macun from HSBC to set up its operations in the Middle East.
Bank of America’s second-quarter trading revenue is on track to rise by “mid-single digits,” Chief Executive Officer Brian Moynihan said Thursday, following optimistic comments a day earlier from JPMorgan.
Morgan Stanley is wooing its investment bankers by introducing paid sabbaticals for newly-promoted vice-presidents and making earlier job offers to those at the start of their careers.
An ex-Barclays trader on trial for conspiring to rig Libor said he was "freaked out" by an internal interview in 2009 despite reassurances from his bosses that there was nothing wrong with influencing the rates submitted by colleagues.
Two former Deutsche Bank workers were indicted in the US yesterday evening on allegations of manipulating US dollar linked Libor.
A former JPMorgan trader who was indicted in relation to the London Whale’s losses became the latest banker to go to court over claims a U.K. regulator improperly identified him in a report about the scandal.
Wells Fargo Chief Operating Officer Tim Sloan expects to make up lost business with state and local government agencies within a few years after some suspended dealings with the firm when it was caught opening legions of unauthorized accounts for customers.
The staff say they were denied payouts due 'significant media and political pressure'.
A former Credit Suisse trader accused by U.K. prosecutors of concealing about $18m of losses after taking inappropriately risky positions won the dismissal of criminal charges after years of investigations.