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.
A former Rabobank senior trader pleaded guilty in New York to conspiring to manipulate a benchmark interest rate tied to trillions of dollars of securities to benefit his trading positions, the U.S. said.
Standard Chartered is set to pay $200-$300m to settle failed high-risk transactions review allegations by New York Department of Financial Services.
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 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.
Cantor Fitzgerald has announced the appointment of Joseph Pinto as Senior MD and Stephan McElreath as VP in their FX Sales and Trading group.
That walk around the block may not be enough exercise for your dog. Maybe your pet needs to join a gym for a more structured exercise program.
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.
Investment managers love bets made by both billionaire activists, according to a new analysis of top hedge fund stock positions.
Women bosses are still earning only three-quarters as much as their male colleagues, meaning they would have to work until they were nearly 80 to catch up with men's lifetime earnings, according to new figures .