Wall Street firms have been bleeding talent to hedge funds, buyout firms and technology companies. Now they’re facing another predator: smaller banks in states like Ohio and Rhode Island.
Silicon Valley startups basking in billion-dollar valuations may face a long-overdue reckoning as a result of the global panic set off by roiling Chinese markets, investors and analysts have warned.
Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall.
A former JPMorgan Securities analyst was arrested and charged in an alleged insider trading scheme that netted more than $600,000.
European Union antitrust regulators are investigating precious-metals trading following a U.S. probe that embroiled some of the world’s biggest banks.
The new head of Barclays' Swiss unit is pushing private bankers in Geneva and Zurich to double client assets in four years as international competitors exit the world’s largest hub for offshore wealth.
Pine River Capital Management, the $15.5bn hedge fund firm, hired former Deutsche Bank credit trader Joshua Wilkes to expand its municipal debt business, according to a person with knowledge of the matter.
On day one the stock market fell by 13%. On day two it fell by a further 12%.
US stock markets continued to seesaw on Tuesday following a day of global sell-offs sparked by fears that China’s economic boom is slowing.
As volatility within global equity markets has spiked, the discussion about exchange circuit breakers has taken center stage. Nevertheless, exchanges have to be careful about how tight those breakers are, Nasdaq CEO Bob Greifeld said Tuesday.
Microsoft announced a deal to acquire professional social platform LinkedIn for $196 per share Monday. The all-cash deal is valued at $26.2 billion.
A BNP Paribas trader fired amid a U.S. probe into sanctions violations asked a Paris employment tribunal for about $3.2m days after the same court awarded Jerome Kerviel more than $506,745.
For any investor looking to reach the top of the global rich list, blowing their fortune on a single lunch may seem an unlikely way of securing a leg up on their rivals.