Bank of America has named Julian Mylchreest as the sole head of its global power and energy banking business, days after he advised Royal Dutch Shell on its $70bn acquisition of BG Group.
Credit Suisse on Tuesday reported a 23 percent rise in net profit in the first quarter from the year-ago period.
Goldman Sachs and Morgan Stanley stretched their equity-trading lead over rivals as they led U.S. banks in reporting the most revenue from that business in more than five years.
The Securities and Exchange Commission has charged BlackRock Advisors with breaching its fiduciary duty by failing to disclose a conflict of interest created by the outside business activity of a top-performing portfolio manager.
The criminal case against Sergey Aleynikov — the former Goldman Sachs programmer who was convicted in federal court, then acquitted, only to be charged again in state court — will soon head to a jury after Aleynikov’s last-ditch effort to toss out the case came up short.
Credit Suisse Group said first-quarter profit rose 23% as increased trading activity boosted the securities unit and private banking.
Former MF Global CEO Jon Corzine is reportedly thinking about launching a hedge fund. The experts disagree on whether he'll succeed.
Despite muted performance in 2014, investors have more hedge funds than ever to choose from, according to new data.
HSBC’s bosses apologised on Monday to shareholders for activities in the bank’s Swiss operations and signalled that the London-based business may consider whether it should remain headquartered in the UK.
A top executive at Goldman Sachs secretly filmed colleagues to record their behaviour when she became pregnant.
Goldman Sachs President Gary Cohn said the same forces that helped fuel near-record mergers and acquisitions in 2015 remain in place today and that the outlook for the business remains bright.
JPMorgan’s Swiss unit has hired Matteo Gianini from Deutsche Bank, adding to the lender’s wealth-management troubles there.
Deutsche Bank’s head of Russian operations, Pavel Teplukhin, will step down in August as the bank scales back its local business in the wake of a money-laundering scandal.