The surge in M&A this year has been driven in part by shareholder demands on CEOs, says David Solomon, co-head of investment banking at Goldman Sachs.
HSBC granted 13 executives a total of $2.7m in shares for the third quarter, led by investment-banking chief Samir Assaf, as banks sidestep regulatory limits on bonuses.
Amid a negative performance and a shift to funds with longer-term investor commitments, the distressed-investing firm Avenue Capital Group is closing its original hedge fund, Avenue Investments, and returning money to the fund's investors.
US authorities have charged four men with orchestrating “the largest theft of customer data from a US financial institution in history” in indictments unsealed on Tuesday.
The latest attempt by the government to rehabilitate the battered reputation of the City of London takes place on Wednesday when Mark Carney, the governor of the Bank of England, invites the public to have their say on the future of financial markets.
A London judge ruled former Deutsche Bank trader Christian Bittar was improperly identified in a regulatory sanction notice against the bank over Libor in a significant setback for the Financial Conduct Authority.
A former Commerzbank director, who said she was discriminated against in an environment more akin to a fraternity and excluded from discussions held in German, lost her employment suit against the bank.
BlackRock has hired Heather Loomis Tighe, a former managing director at JPMorgan, to help manage a group that caters to family offices, foundations and endowments in the Western U.S. and Canada.
Pacific Investment Management Co. fired back at the co-founder who oversaw the firm’s ascent for 43 years, saying Bill Gross’s lawsuit over his departure looks more like a screenplay than a legal filing and should be thrown out.
UBS is adding staff to its wealth-management business in Israel as a boom in the country’s technology industry turns a growing number of entrepreneurs into millionaires.
JPMorgan on Wednesday won the dismissal of three private antitrust lawsuits, including from hedge fund manager Daniel Shak, accusing the bank of rigging a market for silver futures contracts traded on COMEX.
Mergers and acquisitions may become a less attractive option after a record number of deals failed this year, according to analysts at Goldman Sachs.
The European Union has suffered a downgrade of its long-term credit rating following the UK’s Brexit vote last week.