Leaning in ?
Greg Fleming, who runs Morgan Stanley’s asset-management division, said the business will boost profitability in the next two years while increasing assets by about one-third.
Royal Bank of Scotland has been warned that it faced a potential downgrade by the credit rating agency Moody's which is concerned that last month's profits warning may have weakened its financial strength.
French bank BNP Paribas reported net profit for 2013 that missed market expectations with two different charges for the bank hitting its figures for the year.
State-backed Lloyds Banking Group has swung back into profit, delivering a £1.7 million ($2.8 million) bonus for its chief executive despite amassing £10.3 billion in misselling provisions in the last three years.
Word Monday that Brevan Howard Asset Management was closing its emerging-markets fund hit a nerve with other fund managers focusing on developing economies, many of whom have had a tough start to the year.
'They structurally need to cut 15 to 20% of Managing Directors, straight off'.
Stacks of cosmetic mirrors with the Goldman Sachs logo
Another day, another handful of traders fleeing large investment banks for hedge funds. This time, Bloomberg News reports, it is two Goldman Sachs Managing Directors joining Citadel, Kenneth Griffin’s giant hedge fund, which is based in Chicago.
John Mack, the former CEO of Morgan Stanley said Tuesday that everyone should stop picking on nice fellas like J.P. Morgan Chase CEO Jamie Dimon and Goldman Sachs CEO Lloyd Blankfein.
With eye watering valuations, top investors have sounded the alarm over a bubble in the private technology market, and now it seems the founders of start-ups are also pretty worried too.
Give your bottom the treat that it deserves this Christmas, with the world's most expensive loo roll!
JPMorgan has topped investment bank league tables by revenue, with a surge in dealmaking helping it to pull in $18.2bn in the year so far, a survey found on Wednesday.