Mansoor Mohi-uddin, UBS Group AG’s former global head of foreign-exchange strategy, and Gareth Berry, who worked with him at the Swiss bank, began new roles at two different firms in Singapore Monday.
HSBC said first-half profit at its investment bank dropped 5.6% as legal expenses overshadowed an increase in revenue from foreign exchange and equities.
Goldman Sachs increased its estimate for reasonably possible legal costs in excess of reserves by 55% to $5.9bn.
Cross-Border M&A activity totals $913.5 billion, up 23% compared to YTD 2014 levels
The 'spiritual father of the entire LBO industry'.
Deutsche Bank and Barclays' rebound in fixed-income revenue during the second quarter will test their leaders’ pledges to scale back in that business.
The Swiss National Bank (SNB) revealed on Friday that abandoning its currency cap on the euro in January cost the central bank $52bn in the first half of the year.
Standard Chartered and Societe Generale are among four banks added to a suit by investors claiming banks manipulated the $5.3tril a day foreign-exchange market.
A hedge fund manager appointed to the Bank of England’s monetary policy committee (MPC) has succumbed to pressure about potential conflicts of interest by severing financial links with his former employer.
Bond yields across the advanced world have touched a record low.
HSBC is to restructure its global banking division to cut costs and make the business more "agile", according to an internal memo seen by Reuters on Monday.
If you thought the market for jobs at top institutions was tough, take a moment to consider the prospects of any young student with hopes and dreams of working at Goldman Sachs.