Bankers should let financial regulations play out before decrying their effect on markets, former Massachusetts Rep. Barney Frank said on Thursday.
Completed distressed debt and bankruptcy restructuring activity totaled US$16.8 billion during the first quarter of 2015, a 62% decrease from the first quarter of 2014.
The robots are winning again.
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.
The combined compensation for Standard Bank’s joint CEOs Sim Tshabalala and Ben Kruger rose 43% after full-year profit climbed by a third.
The Financial Conduct Authority (FCA) is still looking into the link between UK banks and the so-called Panama Papers tax avoidance leaks.
Nomura’s cutting its ranks — but those still with a job aren’t going to be happy either.