Goldman Sachs, which earned a third of its profit from trading last year, has moved Guy Saidenberg from head of global foreign-exchange trading to allow JPMorgan’s Kayhan Mirza to assume the job.
Mark Zuckerberg has decided he’s a $1-a-year man.
Bob Diamond’s Atlas Mara agreed buy ABC Holdings and ADC African Development Corp. for as much as $265m in the first acquisition by the investment firm of the former Barclays head.
JPMorgan must face a lawsuit from shareholders accusing it of securities fraud by misleading them about its ability to manage risk, which surfaced when it lost $6.2bn in the 'London Whale' scandal.
U.S. Attorney Preet Bharara argued the government had gone too easy on corporations in recent years, and that felony charges could be in the offing.
Retired Citigroup Chairman Dick Parsons turned his dream into reality as co-owner of Minton's Playhouse in Harlem.
Hong Kong's de facto central bank said on Tuesday that it is investigating a number of banks as part of the global probe into alleged manipulation of foreign exchange markets, as investigations into the $5.3tril-a-day-market escalate.
Global syndicated lending falls 14% from 2013
Swiss investment bank UBS reported net profit for 2015 ahead of analyst expectations, but warned of continued headwinds.
Nomura Holdings’ third-quarter profit fell 49% as brokerage commissions and investment-banking fees slumped and the firm posted another loss abroad.
Private bank Julius Baer is considering whether to bid for Barclays' Asian private wealth business as part of the group's acquisition campaign, Chief Executive Boris Collardi told Reuters on Monday.