JPMorgan Chase is adding another layer in its capital buffer against energy, metals and mining loan losses, setting aside $600 million for losses, executives announced Tuesday.
The London Stock Exchange is in talks to merge with Germany’s Deutsche Börse in a £21bn deal that would seal an alliance first discussed at the turn of the millennium.
Even when things are tough, they always seem to come up smelling of roses.
'It’s too early'.
'Either the circus of the financial markets is located in London or its going to be somewhere else'.
Speed trader XTX Markets has hired Goldman Sachs director Jigar Patel to head its electronic commodities business.
Standard Chartered arranged an $8.4m incentive for Chief Executive Officer Bill Winters to turn the bank around after scrapping annual bonuses for all senior managers.
Goldman Sachs added compensation practices to the list of matters receiving legal and regulatory scrutiny.
Two years after buying it, Carlyle Group will shut down a hedge fund-of-funds manager that was a prong in its push to expand beyond private equity.
The richest fifth of the population are worse off now than they were before the financial crash, but the poorest fifth have typically become better off, according to official figures which could spark controversy among anti-austerity campaigners.
Investment banks are expected to pocket big fees from a proposed emergency plan for Italian lender Monte dei Paschi di Siena.
A federal judge rejected PricewaterhouseCoopers' bid to dismiss a $1bn lawsuit accusing the accounting firm of professional malpractice for helping cause the October 2011 bankruptcy of MF Global Holdings, a brokerage once run by former New Jersey Governor Jon Corzine.
European banks have pushed back profitability targets so many times, the dates are now more placeholders than deadlines.