'Making targeted headcount reductions in light of current market conditions'.
A high-flying City of London executive managed to dodge paying the full fare on his daily commute into London for five years - and took only three days to pay back the £43,000 ($72,000) he owed when he finally got caught.
A Citigroup employee in Mexico left the bank’s offices with documents related to a suspected $400m loan fraud, according to two people briefed on the incident.
CME Group, owner of the world’s largest futures market, was sued by three of its users who alleged the company sold access to order information to high-frequency traders ahead of other market participants.
For more than five years, Mr. El-Erian’s deliberate manner and Mr. Gross’s freewheeling style were a formidable combination atop Pacific Investment Management Co. But last year, the differences became an unbridgeable chasm to Mr. El-Erian, who worried that rising tensions with Mr. Gross could keep him from effectively running the giant bond firm.
Goldman Sachs and Lynne Ng Su Ling, an independent director at LionGold, traded lawsuits in London over payment demands after shares owned by Ng and held by the bank as debt collateral plunged in an October stock rout.
Job vacancies at London’s financial-services companies rose 10% last month as firms continued to hire employees to manage compliance and risk, according to a recruitment survey.
After five weeks of voting by WealthManagment.com, the winner of the 2014 Wealth Management Madness is Bob McCann, CEO of UBS Americas
Citigroup reported an unexpected profit increase, beating analysts’ estimates as the company recouped funds previously set aside for loan losses.
Looking for a long-term Los Angeles lease and have $400,000 a month to spare ?
Five former finance professionals, including a one-time Deutsche Bank manager, will go on trial next week for insider trading, almost six years after the U.K. markets regulator sent shock waves through London with a series of dawn raids and arrests.
For the average hedge fund, 2015 was nothing to brag about, and even may have proved humiliating.
China suspended its recently implemented circuit-breaker system Thursday, hours after trading in Chinese stocks was halted minutes into the session because of a plunge in prices.