Macquarie Group hired a former UBS asset-management team to focus on emerging-markets equities at the bank’s Delaware Investments unit in the U.S.
Morgan Stanley expects to hire 75 advisers in the U.S. this year to target rich Latin Americans investing in the world’s biggest economy, part of a strategy to focus on the region as other international banks retreat.
The referee is biased, the pitch is tilted against us and we’ve given up trying to predict our results.
Deutsche Bank, the firm that has paid more than $9bn in fines and settlements since the financial crisis, expects to resolve the largest of its legal cases in coming months, co-CEO John Cryan said.
Credit Suisse has been dragged into a second criminal complaint brought by two Russian clients who claim that a former manager in the bank’s wealth management unit made unauthorized transactions to cover up trading losses.
Barclays is restructuring its management as part of a wider overhaul announced under Chief Executive Officer Jes Staley to comply with new U.K. rules and bolster profitability.
One-time high-flying hedge fund manager Phil Falcone, plotting a comeback after a securities industry ban, told CNBC Tuesday he considers his integrity of "utmost importance," and said he's trusted by people who know him.
A former Deutsche Bank trader has been banned from working in the UK's financial services industry following a criminal conviction for fraud in the US.
New Barclays boss Jes Staley received a frosty reception in the City yesterday, as investors rejected his case for slashing dividends, sending the bank’s share price down by more than 10 per cent and wiping £2.3bn off its market value.
Michael Dobson, chief executive of asset manager Schroders, is to announce he is stepping down tomorrow, according to reports.
UK deal activity could be boosted by the Bank of England’s interest rates cut, mergers and acquisitions (M&A) experts have suggested.
Bitfinex has said it is considering sharing losses among all its users after around $70 million worth of bitcoin was stolen earlier in the week.
Royal Bank of Scotland has acceded to the Bank of England’s call to pass on the interest rate cut to borrowers.