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US said seeking more than $10bn from BNP Paribas

Piggy Bank

U.S. authorities are seeking more than $10bn from BNP Paribas to settle federal and state investigations into the lender’s dealings with sanctioned countries including Sudan and Iran, according to a person familiar with the matter.

Larry Fink wrong, leveraged ETFs are 'sound': Pro

Larry Fink Interview Pic

BlackRock CEO Larry Fink was wrong when he slammed leveraged exchange-traded funds, Luciano Siracusano, chief investment strategist at Wisdom Tree Investments, told CNBC Thursday. In fact, he believes they can be very useful when used properly.

John Mack to step down at Rosneft

John Mack Interview Pic

John Mack, the former chief executive officer of Morgan Stanley, said he’s leaving the board of Russian oil producer OAO Rosneft, a month after the U.S. sanctioned the firm’s CEO.

Nomura has some bad luck

Compact Mirror

Nomura, trying to regain its lost dominance in advising on Japanese mergers and acquisitions, is facing tough competition from bigger rivals and some bad luck.



Deutsche Bank - Foyer Undersphere

Bloomberg - Deutsche Bank sees two key departures

Deutsche Bank’s Dario Schiraldi and James Dilworth are leaving the lender after co-Chief Executive Officer John Cryan broke up the firm’s asset and wealth management businesses, according to a person with knowledge of the matter.

Hedge Fund

Ex-Goldman trader reopens hedge fund

Guard Capital Management, the firm led by former Goldman Sachs trader Leland Lim, reopened its macro hedge fund to new investors this month after outperforming peers in 2015, said a person with knowledge of the matter.