Goldman Sachs has a reputation for consistently holding the winning lottery ticket numbers. But it got rid of the ticket that is poised to be one of this year’s biggest payoffs.
Revenue pressures and relatively slow trading conditions to blame.
We always knew in the market that there was a small coterie of bulge bracket firms who paid a load more in comp than the rest of the Street.
Maybe a few surprises here.
In the sweltering heat of Vietnam, I flipped through my phone during lunch to distract myself from the nearby chatter.
BlackRock hired Harvard Management’s Mark McKenna to start an event-driven hedge fund as the world’s largest asset manager seeks to expand its alternative-investment business.
Goldman Sachs will pay $67m and Bain Capital Partners LLC will pay $54m to settle their portions of a lawsuit accusing several of the world's largest private equity firms of conspiring not to outbid each other on companies they sought to buy.
HSBC Chairman Douglas Flint had some advice for bank executives meeting in London last week: Read up on how the U.S. uses financial warfare against its enemies in a foreign-policy shift that’s entangling firms.
Most of the stereotypes associated with the world's ultra-high-net-worth (UNHW) population are just plain wrong, says research house Wealth X Institute.
BNP Paribas Co-Chief Operating Officer Georges Chodron de Courcel became the first senior executive to step down as U.S. regulators seek to fine the French bank as much as $10bn for sanctions-breaking.
Morgan Stanley’s institutional securities unit had $15.9bn in loans and lending commitments related to the energy industry at the end of last year, down 7.6% from the third quarter.
Morgan Stanley has hired Jako van der Walt to lead its investment banking business for South Africa, rejoining the firm he left about 10 years ago, according to a memo obtained by Bloomberg News.
The 13% drop in U.S. stocks from their 2015 highs has not only messed with tens of thousands of working-class 401(k) accounts, but also knocked more than a dozen American executives from the billionaires’ club.