Morgan Stanley is looking to reduce its exposure to hedge funds by selling its stake in Lansdowne, according to a WSJ report.
Not far from the Jet d’Eau, the famous Lake Geneva fountain, a huge rooftop sign proudly declared: “HSBC Private Bank”.
For Brady Dougan, it’s been the worst start to a year since he became chief executive officer of Credit Suisse Group AG in 2007.
The trader known as "The Wolfman," who stood behind Rick Santelli in many a CME live shot, laments the closing of the pits-the "Colosseum" for futures traders.
The Department of Justice has a warning for Wall Street in the wake of last week's takedown of an alleged Russian spy ring operating in New York: Foreign intelligence services are actively trying to penetrate the U.S. financial system.
Bill Gross and his family own more than half of the bond fund he runs on behalf of Janus Capital Group Inc., after acquiring their shares through brokerage accounts at Morgan Stanley and Charles Schwab Corp.
HSBC’s Swiss banking arm helped wealthy customers dodge taxes and conceal millions of dollars of assets, doling out bundles of untraceable cash and advising clients on how to circumvent domestic tax authorities, according to a huge cache of leaked secret bank account files.
Thomas Gilbert Jr. is accused of murdering the 70-year-old founder of Wainscott Capital Partners in a dispute over a cut on his monthly allowance.
BNP Paribas has slashed the bonuses for its top executives to reflect the impact of last year’s $8.9bn fine for US sanction violations that almost wiped out its annual profit.
Morgan Stanley co-head of mergers and acquisitions for EMEA Johannes Groeller is to join Paul Taubman's advisory boutique, a source familiar with the move has told Reuters.
BlueCrest Capital Management, the investment firm run by billionaire Michael Platt, has hired Christopher Bae as a money manager in New York.
M&A any involvement, announced deals.
Credit Suisse and HSBC, two of the world's largest wealth managers, dismissed on Tuesday suggestions they were actively using offshore structures to help clients cheat on their taxes.