The Singapore Exchange is in preliminary talks to buy London's iconic Baltic Exchange as the city-state seeks to expand and bolster its traditional influence in the shipping and commodities business amid increasing competition from Shanghai.
Bonus test case ?
Sad to report.
Variable pay is falling.
HSBC has hired Matthew Westerman from Goldman Sachs to help run its investment-banking business.
UBS, Natixis and four other banks and brokerages agreed to pay just over $100m to settle investor claims that they conspired to rig prices for municipal securities.
Britain's biggest banks narrowly avoided a major legal challenge today, when a High Court judge dismissed a case relating to the mis-selling of rate swap products.
Lloyds Banking Group has given its chief executive an £8.5m pay deal as the bailed-out bank reported a 7% fall in profits, but also announced a special dividend payout to shareholders.
Panmure Gordon has replaced its chief executive Phillip Wale with deputy Patric Johnson after a tumultuous year that’s seen the bank’s share price drop by over 60 per cent.
European regulators will test banks’ financial strength against two years of economic contraction, falling commodity and property prices and further regulatory fines as fears mount over lenders’ ability to withstand shocks.
A whistle-blower lawsuit claiming JPMorgan fired a wealth manager for reporting a client’s possible illegal behaviour was revived for a second time by a federal appeals court.
High-speed electronic market making, already widespread in stocks, is getting a grudging welcome from currency markets. They don’t have much choice.
Credit Suisse’s trading chief Brian Chin moved to establish his management team, naming David Miller as global head of credit and Jay Kim to run securitized products.