Stock exchanges do not come up for sale very often; one as large and prestigious as the London Stock Exchange even less often, so there is a lot of interest around this.
For Shiwei Zhou, it was partly the sense of obligation toward after-work drinks and talk of ice hockey. William Su felt his career was stuck after four years in the same role. QJ Guo wanted to be near his parents as they age.
Cutting heads and defections.
Deutsche Bank, which runs Europe’s biggest investment bank, cut its bonus pool by 11% after rising legal expenses hurt earnings last year and said volatility in financial markets means the first quarter may be challenging.
Who's the 'dude' ?
Goldman Sachs hired the daughter of an ally to Malaysian Prime Minister Najib Razak around the time the firm’s bankers were pitching business to the country’s government investment fund, the Wall Street Journal reported, citing unidentified people.
Two former traders late last night were handed prison sentences in the US for offences related to Libor fixing.
A lawsuit brought by a hedge fund owner who claimed that an F.B.I. raid had violated his civil rights and forced him to close his business may proceed to determine whether evidence will support his “grave allegations,” a judge said on Thursday.
HSBC has lost its latest bid to keep some portions of a potentially explosive report about its anti-money-laundering efforts from being made public.
A Nomura bond salesman, who was fired when a series of soured deals with an obscure client caused the bank’s biggest-ever single trading loss, said a London court ruled that he’d been unfairly dismissed.
Wells Fargo, the world’s most valuable bank, agreed to buy Analytic Investors, adding $15bn of assets under management.
A Labour peer who previously served as Ed Miliband's business adviser has vowed to quit Labour if Jeremy Corbyn is retained as party leader.