Goldman Sachs' management team is looking for ways to revive the bank's bond trading business and drum up more revenue from existing clients who have lately become less profitable for the bank.
Morgan Stanley reported second quarter earnings Wednesday that soundly topped expectations, helped by profits from its wealth management business.
Credit Suisse is planning to hire more relationship managers in Saudi Arabia, joining rivals including Deutsche Bank AG in designating the country as a priority for their wealth management businesses.
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A core of Goldman's existence — trading, particularly in the fixed income, currencies and commodities area — is falling at a rate greater than its peers.
The City watchdog has linked up its two investigations into Lloyds Banking Group’s HBOS subsidiary.
The Bank of England (BoE) has set out its vision for a “less Libor-centric world”.
Goldman Sachs traders turned in their worst first-half performance since Lloyd Blankfein rose from that business to become chief executive officer in 2006 as second-quarter revenue from the fixed-income unit plunged 40 percent.
BNP Paribas has agreed to pay $246 million to settle Federal Reserve allegations that the bank failed to keep its currency traders from using electronic chatrooms to manipulate prices.
Citigroup has chosen Frankfurt as its newest trading hub in the European Union and plans to present that option to its board of directors this week for approval, according to a person with knowledge of the decision.
Making adjustments to their staffing levels ?
Dressed to impress ?
JPMorgan Chase CEO Jamie Dimon had some critical words for reporters overly scrutinizing the bank's second-quarter report.
BlackRock, the world's largest asset manager, posts second-quarter earnings and revenue that miss expectations.
The U.S. Securities and Exchange Commission has affirmed the dismissal of an administrative case against a former Wells Fargo trader after two commissioners split on whether the evidence proved he engaged in insider trading.
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Moore Capital Management, the hedge-fund firm that oversees $13.4 billion, has cut about 30 jobs, according to a person with knowledge of the matter.
A former Commerzbank executive said in a London employment lawsuit that he was told to "shut up," harassed and eventually let go after he blew the whistle on corporate misconduct at the bank.
Shkreli "doesn't seem to see other people as important if they don't fit into the scheme of what he wants," said Retrophin CEO Stephen Aselage.
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Mizuho, one of Japan's "big four" banks, revealed this evening it will set up a new EU base in Frankfurt.
A former UBS compliance officer and a day trader Monday pleaded not guilty to insider trading.
City bond traders have put the champagne on ice. They had a good run. For some it lasted almost a year. But it’s over now and the “new normal” of low trading volumes and weak profits is reasserting itself.