BNY Mellon announced Monday that it has reached an agreement to acquire Cutwater Asset Management, a U.S.-based fixed income and solutions specialist with a 20-year track record and approximately $23 billion in assets under management.
An aging population, increased life expectancy and better health care mean that today's forty-somethings are gearing up to work another 30 years.
May be the biggest round of cuts since at least 2011.
Banker compensation may get more complicated and have fewer zeroes if the International Monetary Fund has a say.
Citigroup has said Javier Arrigunaga resigned as chief executive officer of Grupo Financiero Banamex, the most senior departure stemming from an alleged $400 million fraud disclosed in February.
Investors hope the Bond King can remake himself as a team player.
When the Libyan Investment Authority started out in 2007, it had about $60 billion, office space in Tripoli and a lot to learn. Goldman Sachs, keen to do business with the sovereign wealth fund, offered to help.
A federal appeals court has determined that Jesse C. Litvak, a former senior trader at the Jefferies, can stay out of prison while he appeals a conviction of defrauding investors in mortgage-backed securities.
JPMorgan Chase’s data breach that exposed the names and contact information of millions of customers is being probed by attorneys general in Connecticut and Illinois.
A former Bank of America Merrill Lynch (BoAML) banker has landed the top job at government financial asset manager UK Financial Investments (UKFI), following media reports last month.
One strategist explains why gold still has more upside to go in the coming year, after it recorded its biggest 3 month gain in close to 3 decades.
BlackRock plans to cut about 400 jobs in what may be the biggest round of layoffs to date at the world’s largest money manager, according to people with knowledge of the matter.