'Consolidation will certainly happen'.
Goldman Sachs got its largest-ever assignment to manage money for New York State’s largest pension fund.
Nine out of 10 hedge-fund managers are overpaid as management fees don’t reflect declining interest rates and fund returns, according to Unigestion Holding, which invests $2 billion in hedge funds.
Credit Agricole will probably reach an accord with U.S. officials in the next two months to settle a probe of the bank’s business in sanctioned countries including Iran, a person with knowledge of the matter said.
One of the world's best-known billionaires has waded into the Scottish independence debate, as the world's 42nd largest economy suddenly shifts to the top of the business world's agenda.
Royal Bank of Scotland has drawn up plans to shift its head office from Scotland – where it has been based since 1727 – in the event that next week's referendum backs a break away from the rest of the UK.
Global Finance announced its 23rd Ranking of the World’s 50 Safest Banks during an online press conference at GFMag.com on Tuesday.
Sad to report.
At many banks the decline in senior appointments reflects job cuts across the board.
A London broker who said he was bullied at BGC Partners lost his lawsuit against the company as a judge ruled he gave at least as good as he got on a trading floor that was rife with insults and abuse.
Credit Suisse, whose shares have lost about 40% since CEO Tidjane Thiam announced an overhaul in October, “hasn’t worked” as a long-term investment for one of its biggest shareholders, Harris Associates.
Australia & New Zealand Banking Group, which in 2015 posted its slowest profit growth in seven years, plans to cut 12 jobs in its markets division to reduce costs.
Morgan Stanley, a Wall Street trading firm and brokerage lacking a single bank branch, is making a push to grab $50bn in deposits held at rivals.