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Credit Suisse has hired Jeffrey Cohen from Lazard as the firm seeks to expand its retail and consumer products investment-banking business.
Warren Buffett’s holding in Wells Fargo reached 10%, a level that triggers a Federal Reserve review and could prevent him from buying more shares until he receives regulatory approval.
As the biggest banks pull back from lending to troubled energy companies, AllianceBernstein is stepping in.
A Blackstone Group mutual fund that allocates money to hedge funds lost almost half of its assets this month as the fund’s biggest backer, Fidelity Investments, slashed its stake.
Credit Suisse has agreed to pay more than $29m to resolve a U.S. regulator's claims that it sold toxic mortgage-backed securities to credit unions that later failed, according to court papers filed last week.
Does this ring true ?
Graduates from Cambridge University’s Judge Business School are the most highly paid in finance and technology, according to data from salary benchmarking site Emolument.
Citigroup’s Jeff Perlowitz, who helped build - and after the financial crisis, rebuild - the market for mortgage-backed securities, is retiring after more than three decades on Wall Street.
Bank of America and its Merrill Lynch unit will pay $14m to settle lawsuits claiming that they forced financial adviser trainees to work 60 hours and more per week, including on weekends, without paying them overtime.
John Stumpf's resignation is effective Thursday, a spokesperson for the San Francisco Federal Reserve said in a statement.
Competitors might have been surprised to see JPMorgan bankers Ricardo Leoni and Daniel Pombo at the negotiating table earlier this year helping Brazilian mining company Samarco Mineracao SA restructure about $3.8bn in debt.
Leon Cooperman denied insider trading charges against him and his firm Wednesday, saying he would vigorously defend against the accusations.