The value of mergers and acquisitions has hit an all-time high following the $13.9bn takeover of the US coffee company Keurig Green Mountain by Germany’s Reimann family.
Traders are watching out for headwinds from the energy market as well as the reactions across markets as they countdown to the Federal Reserve's rate meeting next week.
'Death by a thousand cuts and morale has been hard hit'.
More than 400 bankers are likely to be axed at the US investment bank Morgan Stanley, which is streamlining its bond-trading business amid a worldwide downturn in fee income.
A New York City man claiming to be an experienced hedge fund manager was convicted Friday for stealing over $800,000 from at least 17 investors, according to a statement from New York Attorney General Eric Schneiderman.
Anil Prasad, the former global head of foreign exchange and local markets at Citigroup, and his business partner Farhang Mehregani will start operating their own hedge fund in January after clearing regulatory hurdles in the U.K.
Bank of Montreal has promoted investment banker Susan Wolford to lead its combined technology, business services and media investment banking team in North America, according to a bank memo.
Bernard Madoff’s victims will have a bit more to spend on holiday gifts this year as the trustee unwinding his fraud begins sending out a total of $1.2bn in recovered funds, with checks averaging $1.1m each.
Commonwealth Bank of Australia will start to 'wind down' its proprietary institutional equities team from December 16 and the lender has entered an alliance with Goldman Sachs to offer clients access to global equity markets.
Paring back global operations.
A federal judge on Wednesday said a former star Lehman Brothers trader was not entitled to an $83m bonus he claimed he was owed following the investment bank's 2008 collapse, on top of a similar sum that Barclays already paid him.
JPMorgan could be forced to move thousands of staff out of Britain if the country loses its automatic right to sell financial services to the European Union after last month's Brexit vote, bank CEO Jamie Dimon told an Italian newspaper.
Citigroup is merging its consumer banking unit in Europe, Middle East and Africa (EMEA) with Asia, the largest region for profit for the business outside North America, according to an internal memo seen by Reuters on Thursday.