The amount of individuals that hold more than $30 million in assets has climbed to a new record in 2014, according to a global survey on Wednesday, which also warned that a lack of diversification meant that this wealth is not protected from shocks to the financial system.
ANZ, one of Australia's biggest banks, has suspended seven traders as part of an inquiry into the potential rigging of key interbank interest rates.
Nomura’s CEO for Europe, the Middle East and Africa, Jeremy Bennett, resigned after less than two years in the job.
Deutsche Bank’s Asia-Pacific revenue may expand 10% or more over the next three to five years, said Gunit Chadha, co-chief executive officer for the region.
The Bank of Tokyo-Mitsubishi has announced that it has entered into a consent agreement with the New York State Department of Financial Services (“DFS”).
ICAP, a leading markets operator and provider of post trade risk mitigation and information services, has announced that it is in discussions to combine ICAP Shipping with Howe Robinson, the leading ship-broking group to create one of the world’s leading businesses in the sector.
Investors have been withdrawing money aggressively out of bond funds recently, and it's pretty much all Pimco's fault.
'Are we there yet ? No, we’re not there'.
Goldman Sachs says it’s adding staff to its European asset-backed securities business as the bank prepares for a resurgence in the $305bn market that shrank more than 40% over the past four years.
Citigroup has let go at least five bond salesmen, including four who sold debt to mid-size investment firms, as the bank focuses on its biggest clients, according to people familiar with the matter.
Societe Generale is to cut 550 jobs over the next five years.
Nasdaq announced that it will buy International Securities Exchange, an options exchange operator, from Deutsche Boerse on Wednesday.
A former JPMorgan broker who said he stole millions of dollars from customers because his brain was “hijacked” by an addiction to sports gambling was sentenced to five years in prison.