Record low volatility across equity and debt markets could ease next year, boosting Wall Street firms’ trading operations, JPMorgan Chase Chief Financial Officer Marianne Lake said.
Alibaba's desire to keep tight control over its $21.1bn share sale has left a vacuum at the helm of its banking syndicate, leading underwriters to take unusual steps to manage the offering, according to sources familiar with the situation.
'A little hoarse and raspy'.
Revenue at Credit Suisse's investment bank rose in the last two months compared with the same period a year before, the bank's finance chief said on Tuesday.
Two top City regulators were lambasted by MPs on Tuesday for failing to respond to requests for information, with the warning that parliamentarians were "fed up" with their attitude.
And this may surprise you.
Buzz, buzz, buzz. The chaos of a trading floor. The constant shouting, yelling, and momentum that never stops until the markets close.
Sad to report.
Citigroup’s third-quarter fixed-income and equity trading revenue will be 'roughly in line' with the same period a year ago, Chief Financial Officer John Gerspach said.
Morgan Stanley has agreed to pay $95m to resolve a lawsuit accusing the Wall Street bank of misleading investors in mortgage-backed securities in the run up to the 2008 financial crisis.
Shamed former Royal Bank of Scotland boss Fred Goodwin faces being interrogated by lawyers in a $5.8bn court action brought by angry shareholders.
Commerzbank has drafted a shortlist of candidates to replace Chief Executive Officer Martin Blessing when he steps down in October, according to a note to staff.
Global banking giant HSBC revealed late last night that it has decided to keep its headquarters in London, ending months of uncertainty over whether it would quit the UK and move to a rival financial centre.