Bank of America’s Merrill Lynch unit was sued by a Portuguese investment firm over a share sale that’s being probed by Italian regulators for potential market abuse.
Morgan Stanley senior investment banker Scott Matlock is retiring from the firm, according to a person with direct knowledge of the situation.
Labour will on Wednesday demand that the government prevent bailed out Royal Bank of Scotland from paying out bonuses more than twice the size of its bankers' salaries and call for a repeat of the bonus tax.
Aberdeen Asset Management has been forced to publish additional information about its pay policies in an attempt to quell shareholders' concerns before its annual meeting Wednesday.
Changes brought on by new regulations will drive trading activity in foreign exchange away from options and non-deliverable forwards (NDFs) to futures, which will become a much bigger and more important part of the FX market.
We're off to the races now.
If you were down for long, you'd be out the door.
It's great to be young - and a banker.
Six months after announcing plans to sell its physical commodities business, JPMorgan Chase is close to a final deal, according to a source familiar with the matter.
Sunny Tadjudin’s allegation that her manager at Bank of America transferred a losing position to her to increase his bonus is 'complete nonsense,' the bank’s lawyer said.
Credit Suisse has appointed its investment-banking chief in the Asia-Pacific region, Vikram Malhotra, to run a newly created unit serving ultra-rich entrepreneurs.
Bank of America’s Merrill Lynch unit plans to sign up five Asian hedge-fund start-ups a year as part of its emerging manager program that gives them exclusive access to the bank’s resources, usually reserved for managers of billions of dollars.
It hasn't been a banner year for the Oracle of Omaha .