Brian Moynihan elected Chairman of the Board of Directors.
Global ECM activity up 27%
Global syndicated lending increases 9% from 2013
Growth in the world’s $70tn (£43tn) shadow banking system is a risk to financial stability and monitoring of the sector is inadequate, the International Monetary Fund has warned.
One of the City’s biggest fund managers – Legal and General – is calling on the 350 biggest companies on the stock market to step up their efforts to fight cybercrime.
Partners at EY’s UK business will receive an average £727,000 share in profits after a year in which a revival in mergers and acquisitions and company flotations boosted revenues.
Firm to focus on core activities.
A Deutsche Bank executive, fired over allegations he sexually harassed female colleagues, said in a lawsuit that he was the one who suffered discrimination.
Morgan Stanley has promoted Andy Kearns and Drew Guevara to co-heads of technology banking, replacing Paul Chamberlain, who’s retiring after 26 years with the firm.
Citigroup will review its conflict-of-interest policy for investment bankers after Goldman Sachs Group Inc. barred some employees from owning individual securities, said a person with direct knowledge of the matter.
Is Wall Street research the next frontier for ETFs?
HSBC said on Monday it was being investigated by the Securities and Exchange Commission in relation to hiring practices of candidates with ties to government officials in Asia.
Milan prosecutors are investigating Credit Suisse on suspicion of money laundering and tax evasion over billions of euros of insurance policies sold Italian clients and used to shield funds from authorities, people with knowledge of the case said.