A single bad currency bet has caused Everest Capital, one of the largest private investors in emerging markets, to collapse.
Standard Chartered’s departing chief executive, Peter Sands, was paid $5.1m (£3.5m) last year despite opting not to take a bonus under the bank’s long-term share plan because of its poor financial performance.
A hedge fund manager who warned about the last financial crisis is seeing parallels of that run-up in the market today.
Former Pimco co-CEO Mohamed El-Erian predicts the Fed will remove the word "patient" from its policy statement, but could open up another can of worms.
You’ll be plenty wealthy.
Working far longer hours to bring home a fraction of previous pay.
'A drastic shrinking of its investment banking operations'.
It has become a familiar pattern: The computer system of a big American company is breached, the personal information of tens of millions of customers is stolen and a public outcry ensues. Rarely are the thieves caught.
John Whitehead, the late Wall Street banker who led Goldman Sachs’s expansion overseas, was also an avid art collector who owned works by Claude Monet and Amedeo Modigliani.
Nomura will defend claims by a U.S. regulator that it sold defective mortgage-backed securities to Fannie Mae and Freddie Mac before the 2008 financial crisis, becoming the first bank to take such a case to trial.
To see how Wall Street has changed over the past decade, look to Goldman Sachs under Lloyd C. Blankfein.
Credit Suisse, the lender overhauling its investment banking unit, hired ex-Deutsche Bank executive Henrik Aslaksen to handle some of its biggest clients.
Citigroup agreed to accelerate the $2bn purchase of its headquarters complex in Manhattan’s Tribeca neighborhood, moving up the planned completion date by a year and a half.