A Japan-focused multistrategy hedge fund run by three former Goldman Sachs Managing Directors returned 38% in its first two months, according to two people with knowledge of the matter.
Credit Suisse is deploying investment bankers to woo African entrepreneurs as the bank tries to build its wealth-management business on the continent.
Royal Bank of Scotland’s credit rating was downgraded by Moody’s Investors Service after the lender reported its biggest full-year loss since its bailout in 2008.
In a move which is expected to result in thousands of job cuts.
Gleacher, the brokerage that’s lost more than $200m since 2009, said it would liquidate after failing to find a merger partner.
Banks operating in the U.K. should amend employee contracts so they can recoup bonus payments from workers who exceed their risk limits or break financial-conduct rules, the Bank of England said.
Morgan Stanley said it will combine the municipal bond trading desks of its institutional business and wealth-management units.
Global investment management firm Pacific Investment Management Company (Pimco) underperformed its peers last month, according to estimates by data tracker Morningstar, following internal strife at the company and the abrupt exit of CEO Mohamed El-Erian.
Deutsche Bank has had a 'slow' start to the year in its investment banking business, due to market uncertainty related to the crisis in Ukraine and concerns about economic growth in China and Germany, it said on Thursday.
A former analyst for hedge fund Two Sigma Investments LLC was indicted in New York on Tuesday on state charges he stole information about the fund's confidential computer trading models.
A former senior trader at Royal Bank of Scotland who lost his job amid the currency market rigging scandal, won part of an employment lawsuit but received no compensation because a London judge said he would have been fired anyway.
Aberdeen Asset Management chairman Roger Cornick is to retire at the end of the financial year, the group said this morning, as it warned on the outlook amid ongoing market volatility.
Goldman Sachs has announced the launch of an apprenticeship programme in London, in partnership with Queen Mary University of London (QMUL). From Autumn 2016, a class of apprentices will join the ‘Degree Apprenticeship Programme’, a flagship scheme launched by the UK government in March 2015.