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.
BNP Paribas has hired a senior securitisation banker from JP Morgan to help build out its asset-backed securities business in the US, according to people close to the situation.
Neuberger Berman, the employee-owned money manager run by George Walker, hired three people to help build an operation that oversees $22bn for insurance clients.
Deutsche Bank was fined $12.5m by an industry-backed U.S. regulator for failing to prevent the dissemination of non-public information over an internal speaker system.