Howard Lutnick’s BGC Partners increased its takeover offer for rival interdealer broker GFI Group by 3.8%.
These guys outdid themselves this year.
A volatile year for the world's rich.
A former bond trader was sentenced to 2-1/2 years in prison Tuesday after admitting to manipulating prices of mortgage debt, causing a $9m loss at a unit of Bank of New York Mellon.
The sharp decline in trading revenue at Jefferies Group is a sign of more pain to come on Wall Street.
JPMorgan’s asset-management unit promoted Robert Stark to head of strategic relationships, replacing Lee Beck, who left for BlackRock last month.
UBS has announced today that it will nominate Jes Staley for election to the Board at the Annual General Meeting of Shareholders on 7 May 2015.
The rapid fall of the ruble and stocks on the Moscow Exchange means even more pain for investment managers who have been trying to play Russia, virtually all unsuccessfully.
Man Group have announced that it has entered into a conditional agreement to acquire Silvermine Capital Management, a leveraged loan manager with $3.8bn of funds under management across nine active collateralised loan obligation (“CLO”) structures as of 30 November 2014.
Citigroup traders will be spared the full pinch of this year’s market slump, while investment bankers won’t get bonus boosts as big as their surge in dealmaking.
E. Gerald Corrigan, a partner at Goldman Sachs and a former president of the Federal Reserve Bank of New York, plans to retire from the firm at the end of May.
JP Morgan is to pay its biggest ever dividend, leading a wave of mega-payouts from the big US investment banks.
Tom Hayes, the former trader jailed for rigging Libor, told a London court that UBS’s bonus structure was "an enigma wrapped in a riddle" as he fights a bid by prosecutors to seize his assets.