Bond traders are vanishing as slumping fixed-income revenues deter the world’s biggest banks from making markets in Europe.
Credit Suisse is preparing to move a London and Paris-based trading team out of its investment banking unit and into its asset management arm to raise external capital, sources familiar with the matter have told Reuters.
Grupo BTG Pactual, the investment bank owned by Brazilian billionaire Andre Esteves, is hiring 20 people and starting an asset-management business in Mexico.
Over a billion personal data records were compromised by cyberattacks in 2014, a report revealed, driven by high-profile breaches.
Bank of America has named Mark Davies and Brian Weinstein as co-heads of emerging-market fixed income, currencies and commodities trading.
If activist investors are picking on women CEOs, they might want to look elsewhere to start a fight.
Herve Falciani, former IT worker for HSBC, said UK tax authorities would have known about the stolen list of clients of HSBC's Swiss private bank when it was given to French officials.
French bank Societe Generale reported a jump in fourth-quarter profit, but took a large write down on the value of its Russian unit as the country's economy continues to struggle.
Commerzbank, the target of a U.S. probe into alleged sanctions violations, set aside an additional $549m for legal provisions and said it may need to repeat the exercise.
Societe Generale's calculation “mistake” won the bank a $248 million windfall after European Union antitrust regulators slashed its half-billion dollar penalty for rigging benchmark interest rates.
David Tepper's gain is New Jersey's loss.
Victor Dodig’s overhaul of Canadian Imperial Bank of Commerce is paying off.