Good news for some.
Expect to work hard – really, hard. And don’t look for short cuts.
Wall Street CEOs including Lloyd Blankfein and Jamie Dimon are avoiding a squeeze on pay that helped their firms lower costs in 2013.
Britain's four biggest banks will be among 124 across the European Union being subjected to stress tests later this year in an attempt to end lingering doubts about the strength of the banking system five years on from the financial crisis.
Here's the latest investment banking weekly scorecard from Thomson Reuters:
State Street UK has been fined £22,885,000 by the Financial Conduct Authority (FCA).
Goldman Sachs, hedge fund billionaire John Arnold and other philanthropic partners funded the largest ever social impact bond Wednesday, a $27 million effort to prevent young men in Massachusetts from going back to jail or prison.
A New York money manager who once worked with personal finance guru Suze Orman has settled charges with the Securities and Exchange Commission that he allegedly misled investors about his success through 140-character tweets and an email newsletter to 60,000 subscribers.
The Libyan Investment Authority said Goldman Sachs made about $350m on derivatives trades that it described as 'worthless.'
Bank of America's Countrywide unit should pay the maximum penalty of $2.1bn for defective mortgage loans it sold to Fannie Mae and Freddie Mac in the run-up to the 2008 financial crisis, federal prosecutors told a judge in a court filing.
A former ICAP broker charged with conspiracy to manipulate benchmark yen interest rates told a London criminal court earlier this week that 1,000 rate predictions he had sent out over four years had only ever reflected his honest opinion.
A High Court judge on Thursday delayed the trial in a drawn-out battle between Royal Bank of Scotland and shareholders, criticising the lender and its legal advisers for being "unfocused" and swamped by 25 million documents.
Pacific Investment Management Co. sued Citigroup over the bank’s role as trustee for $13.8bn of mortgage-backed securities made toxic when the housing bubble burst, leading to "substantial damages."