Jamie Dimon’s got his groove back.
Hostile merger and acquisition (M&A) activity around the globe has reached a seven-year high, to levels not seen since before the global financial crash of 2008, according to a new study.
Goldman Sachs has put its metals warehouse business up for sale, according to a spokesman.
A former Deloitte LLP executive will be suspended from practising as an accountant for two years after settling U.S. regulatory claims that he took thousands of dollars in markers while serving as an adviser on the firm’s audit of a casino gaming corporation.
The U.S. government urged a federal judge to throw out a lawsuit seeking to scuttle its landmark $13bn settlement with JPMorgan, rejecting a claim that the accord let the largest U.S. bank off too easily.
Fang Fang, former CEO officer for JPMorgan’s China investment bank, was arrested by Hong Kong’s anti-graft agency, Caixin reported, citing two people it didn’t identify.
Commerzbank on Wednesday said it had suspended two foreign exchange traders under suspicion of having attempted to manipulate euro/zloty prices in regular trading.
BNP Paribas fell to a seven-month low in early trading in Paris on concern U.S. authorities will seek more than $5bn from the lender to settle a probe into alleged violations of U.S. sanctions.
Moelis & Company, a leading global independent investment bank, today announced the appointment of Maarten de Jong as a Managing Director providing financial and strategic advice to healthcare clients in the U.S. and internationally. Mr. de Jong will join the Firm in August and will be based in New York.
Credit Suisse CEO Brady Dougan tried to put the bank’s legal woes behind it with the U.S. tax-probe settlement. He hasn’t assuaged investor concern about the bank’s capital and strategy.
The Securities and Exchange Commission has announced that State Street Bank and Trust Company agreed to pay $12m to settle charges that it conducted a pay-to-play scheme through its then-senior vice president and a hired lobbyist to win contracts to service Ohio pension funds.
Deutsche Bank officials are reviewing whether some employees exaggerated demand as they marketed new securities backed by risky auto loans, potentially suppressing yields for investors, according to a person with knowledge of the matter.
New regulations have made the City a less desirable place to do business, UBS group chief executive Sergio Ermotti has said.