It’s the moment that every financial market professional dreads - when your boss tells you that you're getting a big fat zero.
Just hours before Royal Bank of Scotland launched a massive cash call in 2008 to shore up its capital, the bank's senior advisers were still discussing whether its financial figures were potentially misleading for investors, court documents allege.
Brexit is unlikely to lead to a sudden decline in London’s status as one of the leading centres for the global capital markets, the boss of Barclays has predicted.
The C-suite executives also ranked products and services, brands, and real estate as more important assets than the workforce, the Korn Ferry study found.
A U.S. appeals court on Wednesday signaled it was unlikely to overturn the 2012 insider trading conviction of Rajat Gupta, a former director of Goldman Sachs and global managing director of McKinsey & Co.
U.S. authorities are preparing to announce as soon as Thursday that JPMorgan will pay about $200m to settle allegations that it hired children of Chinese decision makers to win business, according to people familiar with the matter.
Commodities-related revenue at the 12 biggest investment banks fell 22% in the first nine months due to weak industrial metals trading and lacklustre investor interest, a report by financial industry analytics firm Coalition said.
Since my career in the financial markets went belly up, I've been keeping a relatively low profile.
Remember, you're only as good as your last deal.
Colm Kelleher, president of Morgan Stanley, said that Jamie Dimon would be good for the U.S. if he were Treasury Secretary.
Part of a previously announced organisational restructure.
Standard Chartered has parted company with the head of its private-equity business and is weighing plans to shutter the unit over the next two years, according to people familiar with the matter.
Goldman Sachs, JPMorgan and Morgan Stanley need not forfeit their estimated $100m of profit from trading Facebook stock soon after underwriting its May 2012 initial public offering, a federal appeals court said on Thursday.
This is becoming worse than a horror film.
JPMorgan announced a series of promotions at its equities trading business on Wednesday, including appointing Paul Brannan and Jonathan Cossey as global co-heads of prime brokerage.
BlackRock, the world’s largest asset manager, is exploring a sale of its second office tower in Singapore’s central business district, people with knowledge of the matter said.
Pimco Total Return Fund, once the world’s largest mutual fund under former manager Bill Gross, is within about $1bn of being overtaken as the biggest actively run bond fund.
'These are real numbers, they are not calibrated to create either a conservative approach or an alarmist approach'.
Deutsche Bank has made “good progress” in talks with the U.S. Justice Department to settle an investigation into its subprime-era mortgage securities business, according to management board member Christian Sewing.
'The future is HFT, it’s like a superstar in the finance world'.
The Securities and Exchange Commission has announced that investment management firm Pacific Investment Management Company (PIMCO) agreed to retain an independent compliance consultant and pay nearly $20m to settle charges that it misled investors about the performance of one its first actively managed exchange-traded funds (ETFs) and failed to accurately value certain fund securities.
Dymon Asia Capital (Singapore)’s currency hedge fund gained an estimated 22% in the first 25 days of November as bets on weaker Asian currencies paid off, with some investors making triple that gain by putting money into a highly leveraged version.
November was the best month in history for the banks as the SPDR S&P Bank ETF gained 18.69 percent, outperforming the broader S&P 500.