By Jesse Eisinger
A former Goldman Sachs financier who has shaken up HSBC’s investment bank has emerged as a contender to become the next boss of Europe’s biggest lender.
Wells Fargo & Co. has lost “tens of millions of dollars” in revenue from municipal and state clients since a sales scandal in its consumer bank erupted 10 months ago, Chief Financial Officer John Shrewsberry said.
In boardrooms across London, bank executives are deciding where to move tens of thousands of jobs in the event of a hard Brexit. Rival European financial centres, including Paris, Frankfurt and Luxembourg, are vying for the business – but Dublin is emerging as the most popular destination.
France is setting out to weaken the UK economy and harm the City of London in the Brexit process, a lobby group has warned ministers.
The U.S. Securities and Exchange Commission has affirmed the dismissal of an administrative case against a former Wells Fargo trader after two commissioners split on whether the evidence proved he engaged in insider trading.
The worst way to get laid-off.
On a sunny afternoon in the Bahamas this month, dozens of beachgoers mingled and danced to a soundtrack mixed by a man using a Pioneer sound system on a platform at the local tiki bar.
HSBC has instructed about 6,000 employees of its global markets division to cease buying single-name securities on their personal accounts, according to people with knowledge of the matter.
Citigroup’s bond traders and investment bankers are closing in on their rivals at JPMorgan Chase.
Citigroup reported better-than-expected second-quarter results Friday. The stock, however, fell in the premarket after the bank reported a slowdown in trading results.
Reuters reports that Bank of Montreal's capital markets division said on Thursday it had made changes to its investment banking team, promoting John Armstrong and Lyle Wilpon as co-heads of its global merger and acquisitions group.
The three words are out.
Credit Suisse has appointed Robert Willoughby to the role of senior advisor for its healthcare investment banking group, according to a memo reviewed by Reuters and confirmed by a spokesman for Credit Suisse.
Some of you might be surprised by this list.
Your ability to think clearly can drop by 50 percent.
Crypto is a challenging asset for venture capitalists, leaving some to invest in funds and others to start their own.
Worldwide announced Small-Cap M&A deals valued up to $50 million (including undisclosed value deals) totaled US$77.8 billion in the first half of 2017 – a 2.8% decrease year-on-year.
Nomura has announced that it has appointed Fred Jallot, as Head of Global Markets, EMEA.
The firm that made index funds fashionable will get its fourth CEO in its four-decade history.
A Lords committee has launched an inquiry into how the UK's financial services industry can keep its access to the rest of the European Union after Brexit.
The unknown bond trader who placed a potentially record wager in the Treasury options market may have just netted a $10 million profit.
Bank of America has become the latest high-profile City firm to reveal its post-Brexit EU hub, selecting Dublin as the location for some of its activities, amid fresh calls for the UK to clinch a transitional deal before it leaves the 28-nation bloc in 2019.