'I would very much like to create is a real investment bank'.
Pacific Investment Management Co.’s biggest mutual fund had the worst year of client withdrawals in the history of fund management as the firm lost both of its co-chief investment officers, Bill Grossand Mohamed El-Erian.
Mergers & Acquisitions Review
Job vacancies at London’s financial-services companies jumped 18% in 2014 as firms accelerated hiring in the fourth quarter, according to a recruiter that tracks the industry.
The charity set up by former Barclays CEO Bob Diamond is said to have lost money on its investment in Barclays shares, and has hired new bankers to replace the British group.
Nomura has announced the appointment of Amanda Chen as Deputy Head of its Wealth Management Division for Asia ex-Japan.
Global debt capital markets activity up 2%
Global ECM activity up 11%
Global syndicated lending increases 9% from 2013
The Bank of England is preparing this week to scrutinise plans by major banks to insulate their high street operations from riskier investment banking activities.
Citigroup is being investigated by German tax authorities over an equity trading strategy known as "cum-ex" or "dividend stripping," the bank said on Tuesday.
Standard Chartered is demanding more loan protection from clients in the Indian and Belgian diamond trade as the bank seeks to tighten standards, according to people with knowledge of the new policy.
Hundreds of job cuts, more branch closures and a move to offload millions of pounds of pension expenses to employees are among the latest attempts by Royal Bank of Scotland to slash costs.