Deutsche Bank’s Michael Schoell, a senior trader of distressed debt, has left to join hedge-fund firm King Street Capital Management, people familiar with the move said.
State Street agreed to buy General Electric’s asset management unit for as much as $485m in cash to expand alternative investments such as private equity and real estate.
Standard Chartered is closing its office in Geneva, the global center of the commodity-trading industry, in Chief Executive Officer Bill Winters’s latest move to slash the lender’s exposure to the oil, gas and agricultural industries.
A former Bank of America Merrill Lynch (BoAML) banker has landed the top job at government financial asset manager UK Financial Investments (UKFI), following media reports last month.
One strategist explains why gold still has more upside to go in the coming year, after it recorded its biggest 3 month gain in close to 3 decades.
BlackRock plans to cut about 400 jobs in what may be the biggest round of layoffs to date at the world’s largest money manager, according to people with knowledge of the matter.
Nicola White, global head of electronic fixed-income trading at Morgan Stanley, is leaving the firm to join Citadel Securities LLC.
Barclays has hired Bank of America 's Eric Biddle as an investment banker to retail and consumer companies, according to people familiar with the matter.
A Deutsche Bank unit will pay more than $4m to settle allegations that it failed to properly report data on millions of options trades, according to a Financial Industry Regulatory Authority (FINRA) document.
Artifical intelligence (A.I.) isn't likely to take your job any time soon, in fact it's going to make your work a lot more rewarding, according to the CEO of a company that automates basic tasks using a digital workforce.
Henderson Global Investors plans to reopen the UK property fund it suspended after Britain's vote to leave the European Union, making it the fourth asset manager to lift suspensions imposed in the wake of the surprise result.
Marshall Wace expanded its bets against Deutsche Bank even as other investors cut their short positions to the lowest in almost three months.
China’s shadow banking could lead to losses of $375bn, according to CLSA estimates of likely levels of bad debt.