If they could do it all over again, almost a third of traders and investment bankers in their prime would pick a different profession.
BNP Paribas has named Frederic Janbon to head up asset management, returning the former chief of fixed-income operations to a leadership role after a stint as special adviser.
Tom Hayes, the former UBS trader convicted of manipulating Libor, blamed his losses on other banks fixing the benchmark rate after a bad trading day in 2007, according to online chats shown at a London trial Wednesday.
Tidjane Thiam, Credit Suisse’s new CEO, pledged to prioritize wealth management over investment banking and asked investors for $6bn of capital as he put his imprint on the bank.
The New York Stock Exchange is prodding its regulator to make hedge funds reveal which stocks they’re shorting, an area where the U.S. lags far behind Europe.
The 'CIB of tomorrow'.
Two former JPMorgan traders living abroad who face U.S. charges over the bank's $6.2bn 'London Whale' scandal won a bid on Wednesday to avoid sitting for a deposition in New York, where their lawyers say their arrest is likely.
Every organisation stands on the strength of its people.
A near-$1bn money laundering scandal in New Delhi is threatening to ensnare some of the country's largest banks.
Affluent men in England and Wales are outliving the average woman for the first time since official records began, thanks to the sharp reduction in smoking and the decline in manual work.
The Securities and Exchange Commission has announced that Merrill Lynch has agreed to pay a $10m penalty to settle charges that it was responsible for misleading statements in offering materials provided to retail investors for structured notes linked to a proprietary volatility index.
Enda Homan is going to pull an all-nighter - and he can hardly wait.
As the U.K. decides on its future in or out of the European Union, currency traders and analysts thousands of miles away in Asia, will be at their desks well before dawn.