Commodity broker ED&F Man Holdings has hired a group of fixed-income traders who left Interactive Brokers Group last year, according to people with knowledge of the matter.
U.S. officials say Commerzbank carried out transactions with U.S.-sanctioned entities in Iran and Sudan.
You might be surprised.
The 'stress' is far from over for Brian Moynihan.
A former Royal Bank of Scotland trader pleaded guilty to a fraud scheme in a new thread of the U.S. government’s probe of the securitized debt market.
The average Wall Street bonus rose 2 percent to $172,860 last year as the securities industry added jobs for the first time since 2011, the New York state comptroller's office said Wednesday.
“For the good of his own reputation as well as that of his institution and British banking, Mr Flint should go.”
The U.S. operations of Germany's and Spain's largest banks had their knuckles rapped by the U.S. Federal Reserve late Wednesday.
Incoming Credit Suisse boss Tidjane Thiam is expected to focus on private banking in Asia while aggressively cutting jobs at its investment bank, as he aims to repeat the success in the region of his old employer, Prudential.
A former member of the Bank of England’s financial policy committee has called on HSBC’s chairman to resign following the scandal at its Swiss operation and other debacles.
Quiet trading floors are set to depress global investment banks’ second-quarter revenue 24%, with the underwriting and equities businesses facing the biggest drops, according to analysts at JPMorgan Chase & Co.
Bonus pools could decline by as much as 20% for some Wall Street workers this year, with incentive pay falling at almost every type of financial-services firm, according to compensation consultant Johnson Associates Inc.
Getting paid to manage money may soon be less restrictive at BlackRock than at JPMorgan Chase under a U.S. proposal that could make it harder for Wall Street banks to compete for talent.