At 9:30 a.m. Thursday, trading floors across London erupted.
Currency speculators and global macro hedge funds with large short positions in the Swiss franc are staring massive losses in the face after the Swiss National Bank shocked markets on Thursday by removing a three-year-old cap on the currency.
The brokerage was brought to its knees by the Swiss National Bank's surprise move on the franc Thursday.
Goldman Sachs named A.J. Murphy co-head of leveraged finance in the Americas.
HSBC is investigating reports that customers in Hong Kong bought the Swiss franc below market rates when an online banking system failed to keep up with the currency’s gains after the removal of a cap.
The leadership team of Morgan Stanley's wealth management business has been visiting brokerage offices around the country since last week to reassure advisers and clients in the wake of an alleged data theft by a former employee, people familiar with the matter told Reuters.
Pacific Investment Management Co. will fight a lawsuit by a shareholder of its Pimco Total Return Fund alleging the company gouges investors with excessive advisory fees to support billion-dollar bonuses for top executives.
Morgan Stanley said on Thursday said that it had promoted 151 employees to managing director, down slightly from 2014’s class of 153 managing directors.
Top 50 most influential business executives announced in ‘gay New Year Honours List’
U.S. pension regulators questioned on Thursday whether criminal violations in one unit of Credit Suisse reflect broader compliance problems at the bank, in an unusual public hearing to vet the bank's request to continue managing retirement plans.
A dispute between Libya's $67bn sovereign wealth fund and Goldman Sachs over advice given on trades made in 2008 will be back in London's High Court on May 5, with amended court papers that emerged on Wednesday adding new details.
Barclays has today thanked its shareholders for being patient as the bank undergoes a turnaround period.
The Fed has employment numbers on its radar as opposed to real economic growth, Bill Gross said.