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Ex-RBS trader pleads guilty

Gavel

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.

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Trading rooms are depressingly quiet

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.

2016 Calendar

2016 front office bonus blues

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.