Citigroup has chosen Frankfurt as its newest trading hub in the European Union and plans to present that option to its board of directors this week for approval, according to a person with knowledge of the decision.
New York-based private equity giant KKR has unveiled a significant step in its succession planning, announced the promotion of two executives primed to take over from co-founders Henry Kravis and George Roberts.
Bank of America, the second-largest U.S. bank by assets under management, posted better-than-expected second-quarter results on Tuesday.
John Varley, the former boss of Barclays, will stand trial alongside three former colleagues and the bank itself in January 2019, Southwark crown court was told on Monday.
Bank of New York Mellon has hired former Visa boss Charles Scharf as its new chief executive, replacing Gerald Hassell as he retires later this year.
BlackRock, the world's largest asset manager, posts second-quarter earnings and revenue that miss expectations.
Italian banking giant Unicredit has agreed to sell off a big portion of its book of bad loans to US investors Pimco and Fortress, in its latest step to leave the legacy of the Eurozone debt crisis in the rear-view mirror.
Primed for growth.
Cringe-worthy intern horror stories.
Barclays is battling investor pressure to pursue a spin-off of its high street operations from the bank’s investment banking arm.
Lori Goler, Facebook's vice president of people, discusses Facebook's hiring process with job site Glassdoor.
Sen. Elizabeth Warren ripped into Wells Fargo during a committee hearing Thursday, repeating her demand that board members should be tossed from office.
Completed distressed debt and bankruptcy restructuring activity totaled US$105.9 billion during the first half of 2017, a 28% increase from the same period last year.
'The personnel reductions are painful for the bank and those affected'.
Bob Cialdini dissects what the "Oracle of Omaha" does that makes us want to believe in him.
The activist fund manager had a failed campaign at GM and a dismal performance for the first half of the year.
An unknown cryptocurrency trader turned $55 million of paper wealth into $283 million in just over a month.
One bond trader says he’s been slipping out early to watch his kids play sports. A fund manager says his office just staged a golf retreat. A trading supervisor at another bank confides he’s swiping through a lot of profiles on Tinder, the dating app.
Citigroup reported better-than-expected second-quarter results Friday. The stock, however, fell in the premarket after the bank reported a slowdown in trading results.
Reuters reports that Bank of Montreal's capital markets division said on Thursday it had made changes to its investment banking team, promoting John Armstrong and Lyle Wilpon as co-heads of its global merger and acquisitions group.
City bond traders have put the champagne on ice. They had a good run. For some it lasted almost a year. But it’s over now and the “new normal” of low trading volumes and weak profits is reasserting itself.
More than seven in 10 people do not believe banks have learned the lessons of the 2008 financial crisis, according to new polling data seen by City A.M.
UBS says Goldman Sachs will report earnings next year below Wall Street expectations due to its faltering trading business.