Goldman's best ever day ?
Sergey Aleynikov, the former Goldman Sachs programmer accused of stealing company secrets, violated a confidentiality agreement with the bank — but that doesn’t make it a crime, lawyers for the 45-year-old defendant told a jury Wednesday.
Bank of America has named Diego De Giorgi and Karim Assef as co-heads of global investment banking, pairing a London-based banker who has focused on Europe and emerging markets with a veteran of the business.
JPMorgan shareholders will decide next month whether to urge the board to name an independent chairman, while giving it leeway to wait until Jamie Dimon no longer occupies the bank’s top two posts.
Lloyd Blankfein didn’t change course as revenue from trading debt, commodities and currencies at Goldman Sachs fell more than 50% over the past five years. Now it’s time for that patience to start paying off.
French prosecutors said on Wednesday they were dropping an inquiry into alleged insider trading by several executives at BNP Paribas after finding no signs of wrongdoing.
HSBC must pay $1.1bn in bail as part of French criminal investigations linked to a tax-evasion probe at its private bank.
Julius Baer jumped Wednesday to the highest since it began trading in its current form more than five years ago, amid speculation that Credit Suisse is interested in buying the private bank.
Oops! Goldman Sachs on Wednesday retracted a downgrade of WebMD stock issued earlier in the day, citing a calculation error.
JPMorgan CEO Jamie Dimon defended the financial firm's size on Wednesday, saying "larger does not necessarily mean more risky."
High debt levels in China are a risk but an imminent global financial crisis-type implosion is unlikely, a Moody’s Investors Service executive said Tuesday.
It is a familiar ritual that takes place every spring. Across the City, employees from top rainmakers to ambitious young bankers wait for their bonus to hit their bank account before resigning to join a rival.
Credit Suisse, seeking to free up capital while immersed in a costly overhaul, is pitching a plan to farm out some of its risk from potential losses linked to events like rogue trading and cybercrime, people with knowledge of the matter said.