Bank of America’s Merrill Lynch unit plans to sign up five Asian hedge-fund start-ups a year as part of its emerging manager program that gives them exclusive access to the bank’s resources, usually reserved for managers of billions of dollars.
It hasn't been a banner year for the Oracle of Omaha .
The Financial Conduct Authority has said it is prepared to intervene to increase competition and reduce charges to the 25 million customers of Britain’s £6.6tn investment management industry.
A former ICAP employee accused of helping rig Libor told a London court that interdealer brokers are second-class citizens in the financial world who are ignored by better-educated bankers.
UBS will shift the heads of its onshore China investment-banking unit from Beijing to Hong Kong, while its offshore advisory head for the country Jiang Guorong will move in the opposite direction, as the bank tries to more closely integrate its Chinese businesses.
Barclays is expected to pay at least $100m to settle an investigation by New York’s banking regulator into whether it abused the 'last look' practice on its electronic currency-trading program, according to a person briefed on the matter.
Nomura, Asia’s global investment bank, announced that it is continuing to strengthen its Investment Banking Division with six recent senior appointments in the Americas, including Head of Equity Capital Markets for the Americas.
Piper Jaffray Companies has announced it has reached a definitive agreement to acquire Simmons & Company International.
VTB Bank handily beat earnings forecasts in the third quarter, as Western countries' sanctions begin to lose their bite, the bank's chairman told CNBC.
A former Aviva investment analyst was fined and banned by the U.K. Financial Conduct Authority for mis-allocating trades to funds that would deliver higher performance fees in an effort to boost his profits.