JPMorgan’s parts are probably worth more to investors than the whole after regulators proposed tougher rules penalizing firms for size and complexity, according to Goldman Sachs.
Steven A. Cohen’s Point72 Asset Management made a gross profit of at least $2.5bn in 2014, according to a person familiar with the matter.
JPMorgan Chase has settled its portion of an antitrust lawsuit that alleged foreign exchange manipulation.
Royal Bank of Canada hired Brian Tunick from JPMorgan to expand equity coverage of U.S. consumer companies at its capital-markets business.
Royal Bank of Scotland could pay a fine to settle claims of misconduct in its handling of U.S. mortgage securities as early as this quarter, a person with knowledge of the matter said.
US target announced, Jan 1 - Dec 31, 2014.
Thomas Gilbert Sr., the 70-year-old New York money manager found shot to death in his Beekman Place apartment, was a pedigreed Wall Street veteran who spent years as a private equity investor, the CEO of an online teacher education company and, most recently, a hedge fund manager.
A Morgan Stanley employee stole the account numbers of 900 wealth-management clients in what sources believe was an attempt to sell the information to the highest bidder.
Royal Bank of Scotland’s Chris Sullivan, the deputy chief executive officer whose evidence to Parliament was criticized by legislators, has left the bank.
Hedge-fund manager Paul Tudor Jones is closing the Tudor Futures Fund, the first hedge fund he ever opened, in order to focus on his far larger flagship fund, Tudor B.V.I. Global, according to people familiar with the matter,
HSBC is discovering the oil crash extends far beyond the deserts of the Gulf, the plains of west Texas and the shale fields of North Dakota. Even a small energy company in Dublin can inflict pain.
Credit Suisse, whose shares have lost about 40% since CEO Tidjane Thiam announced an overhaul in October, “hasn’t worked” as a long-term investment for one of its biggest shareholders, Harris Associates.
Australia & New Zealand Banking Group, which in 2015 posted its slowest profit growth in seven years, plans to cut 12 jobs in its markets division to reduce costs.