Bank of America has axed three investment bankers from its Brazilian unit and is in the process of eliminating seven from its brokerage in Chile as part of a series of global cuts, according to people with knowledge of the matter.
Virgin Group empire founder Richard Branson is, if nothing else, willing to take risks.
A former shareholder of Promsberbank, a lender whose license was revoked last year, was arrested in Moscow earlier this month as regulators probe trades handled by Deutsche Bank that may have been used to launder money, according to two people with knowledge of the investigation.
If you were wondering where four days of your life went last year, you now have the answer: London traffic jams.
A few coveted Ferraris helped offset weakness in other models at a classic cars auction at Amelia Island, Florida, at the weekend.
Bank of America has promoted A.J. Murphy to head global capital markets, succeeding Jim Probert, who’s leaving after two years in the job and more than two decades at the firm.
Bank of America’s Merrill Lynch units won a case on appeal to Japan’s highest court against a ruling that they must pay damages to failed consumer lender Takefuji Corp. for their role in a bond transaction.
Increasingly complicated regulation is bulking out the pay packets of those who keep companies on the straight and narrow, according to research shown exclusively to City A.M., but advances in technology could force a shakeup in what the typical role looks like.
Everyone’s very kind, almost apologetically so. Nothing is too much trouble, it seems - after you’ve been given the cheery news that your career is effectively over, that is.
A sign of the times.
Bayer’s $66bn acquisition of Monsanto Co. is producing a big payday for a small advisory firm founded last year by a team of bankers who left Perella Weinberg Partners in an acrimonious split.
Senior bankers have played down the prospect of thousands of City jobs being lost in the aftermath of the vote for Brexit, because of the complexity involved in making the changes to adapt to the UK’s future relationship with the EU.
The UK could be set to add another layer of scrutiny to its senior managers regime, by adding a requirement that bankers stick to the Bank for International Settlements' (BIS) new global code of conduct for the FX market.