Alex To, Morgan Stanley's chairman of China investment banking, is leaving to join Bank of America Corp. in a similar role, according to two people with knowledge of the matter.
Former investment banker Michael Kane followed his real passion - for beer. Now, Kane Brewing Co. is among New Jersey's increasingly successful craft breweries.
The world’s biggest banks are overhauling how they trade currencies to regain the trust of customers and preempt regulators’ efforts to force changes on an industry tarnished by allegations of manipulation.
Everyone knows the danger hackers pose to networks, but most people don't consider themselves to be the actual hacking risk.
Morgan Stanley was fined $280,000 for ignoring 'numerous red flags' in opening an account tied to a multimillion-dollar Ponzi scheme, a U.S. regulator said.
The California Public Employees' Retirement System is ditching its hedge fund program to reduce costs and complexity in its investment portfolio, it announced in a press release.
Lazard Middle Market has announced an expansion of its industrials and energy coverage on Monday, with two senior hires and a new office in Houston.
BNP Paribas Securities Services has announced two senior appointments to its management team in Asia Pacific on Tuesday, highlighting the strong momentum of the bank in the region.
The Carlyle Group has named Michael Hart President of Carlyle GMS Finance.
SYZ Asset Management appoints Michael Clements as Head of European Equities, and Claire Manson who will take over the OYSTER European Mid & Small Cap fund.
For bankers, getting a bonus in stock has become an albatross.
Hedge fund Citadel is trimming its staff following the firm's year-to-date losses, according to Dow Jones.
Citigroup raised Chief Executive Michael Corbat's pay by an estimated 27 percent in 2015, a year in which the bank's profit more than doubled.