Sad to report.
Nick Taylor, BNP Paribas’s head of credit trading for central and eastern Europe, the Middle East and Africa, is leaving the bank, according to a person with knowledge of the matter.
When it comes to the lucrative business of advising corporations on buying rivals or selling themselves, it pays to be the leader.
The black box within Goldman Sachs blew a fuse on Tuesday.
UBS boosted its recommended allocation to hedge funds for the second time in as many years, saying that the strategy will provide stability amid volatile markets.
Goldman Sachs, the worst performer in the Dow Jones Industrial Average this year, climbed Tuesday after blunting a plunge in first-quarter revenue by cutting costs deeper than analysts predicted and vowing to do more if needed.
Wall Street banks' FICC desks took a beating in a volatile market, and it's not clear when things will improve.
Italian banks must tackle a $341 billion load of non-performing loans, the co-founder of a hedge fund with a base in Milan told CNBC on Tuesday.
The firm cut about 1,440 positions in the first quarter.
Britain's Financial Conduct Authority has proposed stricter rules requiring bankers advising companies on corporate finance to record all telephone calls and electronic communications, in a bid to clamp down on insider trading and other market abuses.
Goldman Sachs failed to make it to the upper echelon of Asia's equity market fee earners for the first time in more than a decade, hit by a squeeze in fees that is prompting the bank to cut back jobs in the region.
The Securities and Exchange Commission has announced that Och-Ziff Capital Management Group has agreed to pay nearly $200m to the SEC to settle civil charges of violating the Foreign Corrupt Practices Act (FCPA).