Barclays has hired Bank of America 's Eric Biddle as an investment banker to retail and consumer companies, according to people familiar with the matter.
A Deutsche Bank unit will pay more than $4m to settle allegations that it failed to properly report data on millions of options trades, according to a Financial Industry Regulatory Authority (FINRA) document.
Artifical intelligence (A.I.) isn't likely to take your job any time soon, in fact it's going to make your work a lot more rewarding, according to the CEO of a company that automates basic tasks using a digital workforce.
The affected institutions are DBS Bank, DBS Group Holdings, OCBC and UOB, Moody's said in a statement.
A firm to watch in the future ?
Cash is King.
Jason Haas and David Levin, Deutsche Bank's top U.S. healthcare investment bankers, have resigned to join Barclays and take leading roles in its healthcare practice, according to people familiar with the matter.
The number of City financiers who took home more than €1m jumped to nearly 3,000 in 2014, with one earning up to €25m that year.
UBS is hiring investment banker Joseph Hershberger from Credit Suisse, where he was a managing director and global head of asset management banking, according to a company memo.
Deutsche Bank’s Paul Achleitner has won support to stay on as the firm’s supervisory board chairman from one of its biggest investors, former Qatar Prime Minister Sheikh Hamad bin Jassim bin Jabr Al Thani.
A former Deutsche Bank trader agreed to settle a U.S. regulator’s allegations that he mis-marked loans tied to commercial-mortgage-backed securities to boost his profits.
Steven A. Cohen will be barred from trading that falls under U.S. Commodity Futures Trading Commission jurisdiction until 2018 after reaching an agreement tied to his Securities and Exchange Commission ban for failing to supervise Matthew Martoma, who was convicted of insider trading.
Norway's $893-billion sovereign wealth fund, the world's biggest, swung to a positive return in the second quarter led by gains in its fixed-income portfolio, it said on Wednesday.