Shari Noonan has resigned as a senior executive in Deutsche Bank's equities-trading department, according to a person familiar with the matter.
Citigroup, Bank of America and Comerica should move faster to restructure, including selling more assets, to catch up with competitors that are generating better returns, CLSA’s Mike Mayo said.
A currency trader from the Cartel chatroom -- the instant-messaging group the U.S. government named in wringing guilty pleas from five global banks - has been helping prosecutors who are trying to build foreign-exchange manipulation cases against individuals, according to two people familiar with the matter.
Diamondback Capital Management co-founder Richard Schimel is ready for his next act.
A Citigroup foreign-exchange trader who was suspended while on maternity leave won her employment suit against the bank, after a London court found the firm acted unfairly when disciplining her.
They say crime doesn’t pay.
Schroders is preparing to refresh its board with two new non-executives this year as part of an olive branch to investors concerned about the unorthodox decision to appoint the wealth firm’s long-standing chief executive Michael Dobson as chairman.
Credit Suisse became the second global bank to be penalised in Japan for leaking information about a company’s earnings, amid a regulatory probe that has raised questions about how brokerages handle stock research in the country.
Financial regulators and politicians are bringing changes to the Wall Street job market, according to these experts.
The number of billionaires living in Britain has risen at its slowest pace since the financial crisis after some of the country’s richest people saw their fortunes plummet over the past year.
There is some pent-up anger and it's coming to roost on Wells Fargo, former FDIC Chair Sheila Bair said.
Ken Moelis, the former UBS executive who took Moelis & Co. public two years ago, said he’s keeping in mind the lapses of giant investment banks as he works to build his boutique.
Tidjane Thiam, the former Prudential chief now running Credit Suisse, won’t be thanked by his counterparts at Deutsche Bank for saying so at this moment, but he is correct: big European banks are “not really investable” and the industry is in a “very fragile situation”.