At a July 2011 dinner for Citigroup clients, a research analyst identified a stock to bet against. In his last research notes before that gathering, he upgraded the shares, advising investors to stick with them.
With economic uncertainty, job shortages and the rising cost of living, the traditional work environment is being transformed.
Bonuses handed out to senior bosses at Royal Bank of Scotland are facing renewed scrutiny after the chairman of the bailed-out bank apologised for inaccuracies in evidence given to MPs about its restructuring division.
A high court judge has ordered Goldman Sachs to reveal how much profit it made on a deal that lost Libya’s government more than $1bn when financial bets turned sour.
As the debate over high-frequency trading continues, a new book is out defending the practice, with its author calling critic Michael Lewis "dead wrong."
Sad to report.
In 2011, Dean O'Malley walked away from a high-paying job with no plans for the future, other than to escape the world of finance.
'It's a war'.
Royal Bank of Canada is exiting wealth management in the Caribbean and reviewing its Swiss operations as the lender extends a retreat in its international wealth business that began last year in Latin America.
Mathew Martoma has started his nine-year prison term for insider trading at a “low security” federal prison in Miami at a time that most of the former hedge fund traders and analysts also convicted in the federal government’s long-running investigation have paid their debt to society.
HSBC investors should reject the bank’s “excessive” executive pay plans at its annual general meeting, according to a shareholder advisory group, which branded the position of chairman Douglas Flint “untenable”.
Deutsche Bank, Europe’s biggest investment bank, has hired James Boyle from Citigroup as global co-head of its equity-derivatives business following a slump in the unit’s sales, according to two people familiar with the decision.
Deutsche Bank became the latest business to scale back its plans in North Carolina on Tuesday, citing the state’s decision to invalidate existing protections of the rights of its lesbian, gay, bisexual and transgender citizens.