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BofA's top paid banker to be sole COO

Bank Of America Corner Signs

Bank of America's Thomas K. Montag, the bank’s top-paid senior manager, will become sole chief operating officer as co-COO David Darnell takes a new title so he can move to Florida.

UBS steps up vetting of employees

Dog Detective

UBS has said it had expanded the number of employees that are subject to internal background checks to around 15 percent of its workforce in a move than came in the wake of numerous scandals.

Deutsche Bank makes two senior hires

Deutsche Bank - Foyer Undersphere

Deutsche Bank has appointed Richard Shannon as Americas Chief Information Officer (CIO) and Co Head of Group Technology & Operations (GTO) Americas, with Scott Marcar appointed as Head of IT Infrastructure.

Steve Cohen is losing his top lieutenant


Tom Conheeney, the longtime president of SAC Capital and top lieutenant to founder Steve Cohen, is stepping down Monday from the No. 2 spot at the former hedge fund's successor company, Point72, a company insider said.