UBS hired Kevin Lecocq as its global head of products in asset management, a new position, as the firm revamps the unit to boost profitability.
VTB Capital’s Manu Tripathi said he departed the firm, where he oversaw foreign-exchange derivatives, 18 months after joining from UBS.
Nomura Holdings Inc.’s credit rating was raised by Moody’s Investors Service for the first time since November 2005 amid improved profitability at Japan’s biggest brokerage.
UBS is tightening its rules on how employees can trade securities for personal accounts, telling staffers it wants to prevent potential abuses.
The FBI believes ETrade observed cybersecurity activity related to this summer's JPMorgan Chase data breach, a source tells CNBC.
Former Federal Reserve Chairman Ben Bernanke took the stand in the American International Group bailout trial Thursday afternoon appearing slightly combative and vaguely annoyed at having to testify.
The environment for mergers and acquisitions is as strong as it's ever been, a top JPMorgan Chase banker with nearly 40 years of experience on Wall Street told CNBC on Thursday.
He wants a $10,000 raise for all employees at the firm.
The biggest and fatest-shrinking bonus pots.
Billionaire Steven A. Cohen, whose hedge fund SAC Capital Advisors LP shut down this year to settle charges of unprecedented insider trading, plans to reward employees at his new investment firm for demonstrating ethical behavior.
As the biggest banks pull back from lending to troubled energy companies, AllianceBernstein is stepping in.
A Blackstone Group mutual fund that allocates money to hedge funds lost almost half of its assets this month as the fund’s biggest backer, Fidelity Investments, slashed its stake.
Credit Suisse has agreed to pay more than $29m to resolve a U.S. regulator's claims that it sold toxic mortgage-backed securities to credit unions that later failed, according to court papers filed last week.