'A radical new start would restore our credibility'.
The cuts will affect all major business units.
Oh, well OK.
Goldman Sachs tried to poach Thomas Hayes from UBS in 2008 with the promise of a $3m signing bonus, according to documents at a London trial.
HSBC prides itself on its global reach. But the bank may have spread itself too thin.
Deutsche Bank has hired Bank of America’s Blake Hallinan to head global investment-banking coverage for retailers.
CEO Larry Fink said last year that he’d spent 'hundreds of millions of dollars rebooting' BlackRock’s stockpicking business.
Citigroup’s first-quarter gains in trading revenue haven’t continued into the second, which looks to be holding at about the same level as a year earlier, CEO Michael Corbat said.
The former head of investment banking at UBS personally approved a $2.5m (£1.6m) bonus for the man described as the “ringmaster” of the Libor fraud scandal, a jury heard Thursday.
Dick Fuld, the chief executive who led Lehman Brothers to the largest corporate collapse in modern times, has defended the failed investment bank’s culture, insisting that it was a victim of wider market excesses and regulatory failings in his first public speech since the banking crash of 2008.
If you send your friends or work colleagues at Goldman Sachs an email with any of the 180 phrases in that are said to be scrutinized by the firm's monitoring system, there's a strong chance it will be flagged.
Pacific Investment Management Co. cut its workforce by 68 people, or about 3%, and is offering buyouts as assets under management have fallen in recent years, according to a memo obtained by Bloomberg.
Credit Suisse said an internal investigation has found no evidence that a former banker, Sérgio Firmeza Machado, used his position at the bank to help his father funnel illicit campaign donations to Brazilian politicians as part of a sweeping corruption scandal.