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.
The head of UBS' investment bank, Andrea Orcel, will become chief executive of the bank's British arm effective immediately, according to a memo seen by Reuters on Tuesday.
Royal Bank of Scotland will close its trading business in Japan while maintaining sales operations as part of a global overhaul by the U.K. firm’s chief executive officer.
Richard Fuld, the former CEO of Lehman Brothers, is not liable to onetime employees who suffered millions of dollars in losses in company stock as the bank descended into bankruptcy, a federal appeals court has ruled.
Pankil Patel, an electronic trading executive at Credit Suisse, has left the firm, a person familiar with the matter said.
A stress specialist has urged bosses to tackle habitual poor time keeping among employees, saying it’s an underreported issue that’s draining UK productivity.