Goldman Sachs has reached a preliminary agreement to settle a lawsuit over currency-rate manipulation for $129.5m, a person familiar with the matter said.
Barclays credit trader Brad Visokey left the bank last week to join billionaire hedge fund manager Michael Platt’s BlueCrest Capital Management.
Thomas May, a Bank of America board member who helped combine the firm’s chief executive officer and chairman roles, was re-elected with 66% of the vote, the least of any director, and down from 98 percent last year.
Note to job seekers (especially younger ones, perhaps): If you're weighing competing job offers from fast-growing start-ups, you might not want to post your thought process in a public forum, especially in language a company CEO might find insulting.
George Osborne could be in line for a quick post-election windfall from a multimillion-pound fine to be imposed on Barclays for rigging foreign exchange markets.
Hedge fund Man Group and RSA Insurance both suffered substantial shareholder rebellions over their bosses’ pay deals on Friday – the latest rows over executive remuneration at stock market-listed companies.
“Euphoria returns to the City! Lobster Thermidor is back on the menu! Buy shares in lap dancing bars! The City is safe for five years.”
Leaving 'in droves'.
Advice I wish I could give myself 2 years ago
Guggenheim Partners Chairman Alan Schwartz, who’s been building the firm’s focus on investment banking, said intensifying regulatory scrutiny is contributing to a slowdown in dealmaking.
A federal judge approved Goldman Sachs’ $272m settlement with investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities.
More than 100 executives from Britain's financial services industry, including hedge fund managers Crispin Odey and Paul Marshall, have signed a letter backing Britain's withdrawal from the European Union, the main Brexit campaign group said on Friday.