Royal Bank of Canada has said it’s still considering alternatives for its U.S. proprietary-trading business as its seeks to comply with Volcker Rule restrictions.
Rajeev Misra, UBS’s former co-head of fixed-income, is preparing to join Fortress Investment Group, two people with knowledge of the matter said.
Moelis & Co. raised less than it planned in the first U.S. initial public offering of an investment bank since the financial crisis.
Credit Suisse Group said first-quarter profit fell 34 percent as earnings at the investment bank dropped.
CLSA bank analyst Mike Mayo says he plans to ask Citigroup's chairman and board of directors for answers at Friday's annual meeting.
Bill Ackman wants the world to have a better understanding of why people act the way they do.
After years of denial central banks are finally coming around to recognise that they must take responsibility for asset bubbles that can wreak economic havoc.
And a large barn.
In recent private meetings with analysts and investors, Barclays' new finance chief, Tushar Morzaria, surprised attendees with a frank admission, according to participants: The bank doesn't have a credible plan for what to do with its sprawling investment bank.
Three former brokers at ICAP, the world's largest interdealer broker, appeared in a London court on Tuesday charged with running a four-year scheme to manipulate Libor benchmark rates.
Morgan Stanley, the Wall Street firm retrenching in bond trading to improve returns amid an industry wide slump, has named Steve Zamsky chief operating officer of its fixed-income and commodities business.
Credit Suisse has posted its first annual loss in eight years, with the bank warning that it is "not clear" when financial markets will start to rebound.