Investment banks may be cutting back on their trading activities but for those still in the market the money remains good – especially at JP Morgan.
Sage Kelly, the head of health-care investment banking at Jefferies, is on voluntary leave after intense publicity around salacious allegations made by his wife in a divorce proceeding.
Brokerage and investment bank Raymond James Financial Inc just completed its best broker recruiting year since 2009, the firm reported on Thursday.
So the Serious Fraud office has charged 13 people in relation to the London LIBOR rigging scandal.
Citigroup has revealed that it’s facing a U.S. criminal probe into the bank’s foreign-exchange business and took a $600 million legal charge that forced it to restate third-quarter results.
The CEO of defunct bitcoin exchange Moolah insists he is working on returning money to customers, and that he has already processed almost $900,000 in refunds.
BNP Paribas, France's biggest bank, saw third-quarter net profit rise 11 percent as gains in fixed income and international retail operations offset the euro zone's struggling economy.
Royal Bank of Scotland (RBS ) made a total pre-tax profit of £1.27 billion ($2.03 billion) in the third quarter thanks to previously underperforming loans in Ireland being revalued.
Shares in Standard Chartered slid to their lowest level in five-and-a-half years on Thursday after reports that US authorities had reopened an investigation into the bank over breaching sanctions with Iran.
Investors should expect more volatility and long-term low interest rates in the post-QE world, Cantor Fitzgerald and BGC partners CEO Howard Lutnick said.
Morgan Stanley has appointed Saher Bin Jung as head of trading for sterling corporate bonds in London, according to a person familiar with the matter.
Well played, Michael Dobson, that was a terrific 14-year innings as chief executive of fund manager Schroders, one of the few grand old City names to flourish in the modern world. A loss-making company in 2001 now makes profits of £600m. Take a bow, have a party and enjoy your retirement.
Alliance Trust has upped its dividend for the 49th year in a row, shrugging off one of the most turbulent periods in its 128-year history.