Bank of America equities chief Fabrizio Gallo is shaking up leadership across his division, promoting Glenn Koh to run its trading operations globally, as at least a half-dozen other deputies take on new roles or leave.
Credit Suisse’s surprise loss on illiquid trading positions, announced last month, may force the company to sell a larger stake in a unit than previously planned, according to Morgan Stanley.
Winning for an unprecedented 7th time in a row, over 84% of group employees cast their vote for Jefferies in this year's HITC Best Place to Work in the global financial markets poll.
Stress is the single biggest cause of sickness in the UK and affects 1 in 5 of the working population.
This year’s batch of Silicon Valley summer interns might earn more money than you.
Co-chief executive John Cryan said the results reflected wider challenging conditions in the first quarter.
Marco Arosio, a former executive at Citigroup, sued the bank for unfair dismissal, according to filings from a London employment tribunal.
A Barclays investment banker said his friendship with a former employee on trial for conspiring to manipulate Libor doesn’t mean he had any knowledge of attempts by multiple traders under his supervision to rig the benchmark rate.
Harvard University appointed Bob Jain, global head of Credit Suisse Asset Management who is joining Millennium Management, to the board overseeing its $37bn endowment, the fourth outsider added in the last year as the fund restructures.
Bank of America shareholders elected all 13 directors nominated by the bank at its annual meeting on Wednesday, while approving compensation for top executives in a non-binding decision.
The German government has denied it is considering injecting billions of euros into beleaguered Deutsche Bank, following reports from a German newspaper it was preparing an emergency rescue package.
Wells Fargo’s CEO John Stumpf, struggling to quell a scandal and demands for management accountability, plans to offer House lawmakers the same apology he gave Senators last week.
The market for initial public offerings has had a year it would rather forget as it tried to deal with global political uncertainty, but a new report estimates that a strong bounce-back in activity is expected in 2017.