Hedge fund closures surged in the three months to the end of September as money managers reeled from declines in commodity and equity markets, while high-yield credit spreads widened.
Credit Suisse will make Dublin its primary hub for servicing hedge funds in Europe and move staff from London, saying it was attracted by the efficiencies of operating in the Irish capital as CEO Tidjane Thiam shrinks the unit.
Sometimes even Santa Claus needs a little help, especially when it comes to the kids who need that help the most.
When Deutsche Bank shelled out more than $6.5bn to buy Deutsche Postbank in 2010, it wound up spending another $1.08bn to mesh and upgrade their computer systems.
Julius Baer may have to pay more than it anticipated to settle a case with the U.S. Justice Department over American offshore accounts, the Swiss newspaper Sonntagszeitung reported, citing people familiar with the matter.
You probably wouldn’t bang on about your galloping gout or your teenager’s arrest for grand larceny in a round-robin letter at Christmas. So why should technology firms be any different?
Homebuyers now have to save for up to 24 years to set aside a deposit large enough to buy them a foot on Britain’s housing ladder, according to new research.
JP Morgan Chase agreed to pay $307m on Friday to settle charges that two of its wealth management units failed to disclose conflicts of interest when promoting investments to its wealthy clients.
Britain’s richest households have pulled further ahead of the rest of the population as house prices have accelerated, with the top 10% now owning almost half of the country’s £11.1tn total private wealth.
May attract takeover offers should it struggle to turn itself around.
The idea of modern banking was born in Siena in 1624, when the Medici Grand Duke decided to guarantee accounts held at Monte dei Paschi, the world’s oldest bank, with the proceeds of pasture he held in the Maremma in south-western Tuscany.
Michael Coscia, the first person convicted of spoofing after it was made a crime under the Dodd-Frank Act, was sentenced to less than half the prison time sought by federal prosecutors.