JPMorgan’s asset-management division has promoted James Peagam to head of global insurance solutions, an operation that oversees $78bn of client funds.
Goldman Sachs has been excluded from the bidding process to handle the initial public offering of Danish state utility Dong Energy.
Two former JPMorgan bankers agreed to pay about $326,000 to settle U.S. Securities and Exchange Commission charges that they paid millions of dollars to close friends of Jefferson County, Alabama commissioners in order to win $5bn of municipal bond and swap business.
Convicted fraudster Tom Hayes’ lawyers argued in court that his 14-year sentence for Libor manipulation is excessive as there is no need to treat the punishment as a deterrent to others.
Deutsche Bank has appointed Philippe Vollot as global chief operating officer for compliance, anti-financial crime and government and regulatory affairs.
Skip the Porsche, Lambo's are so last year, Ferrari's can't fly.
Good taste is only available to those that can afford it.
JPMorgan, Bank of America and Citigroup are among eight large U.S. banks that had credit grades cut one level by Standard & Poor’s on the prospect that the U.S. government is less likely to provide aid in a crisis.
With eye watering valuations, top investors have sounded the alarm over a bubble in the private technology market, and now it seems the founders of start-ups are also pretty worried too.
The Bank of England has avoided further embarrassment over its gilt-buying programme by comfortably succeeding in finding investors willing to sell gilts for its post-Brexit economic recovery plan.
The sluggish 2016 market for initial public offerings is poised for a more active third quarter, according to Liz Myers, global head of equity capital markets for JPMorgan.
Citigroup has carved out an an improbable niche, given its history of receiving the most federal aid among banks in the wake of the 2008 financial crisis.