BlackRock’s global credit hedge fund is off to its worst start in its 19-year history amid a selloff in bonds as oil prices fell and concerns over a recession rose.
'Resigned to the fact'.
'Most of my cohort is now missing in action'.
Grupo BTG Pactual cut bonus payouts to some traders at its hedge fund unit by as much as 80% following a slump in assets under management, according to a person familiar with the matter.
Jamie Dimon only had to wait a day for his big bet on JPMorgan to pay off.
Bank of America awarded CEO Brian T. Moynihan $16m for his work last year, raising his potential compensation 23%.
Britain’s banks are vulnerable to a global financial shock despite efforts to shore up their finances, according to the official who led the inquiry into the safety of UK banks following the 2008 crash.
BB&T Securities is ending its equity research coverage and curtailing institutional sales and trading activity, eliminating at least 61 jobs as part of an overall restructuring within its equity capital markets and related operations.
The U.K. Serious Fraud Office has started re-interviewing former Barclays executives over the bank’s 2008 Qatar fundraising, as the agency aims to complete its investigation by the end of the year.
'The markets are challenging, the capital markets are going through a significant restructuring and banks are also going through a significant restructuring, using more capital, being more liquid, which is all making the financial system much safer but (it) does pose a challenge in terms of profitability'.