The traditional hedge fund public relations strategy of "no comment" is starting to change.
JPMorgan said the bank can increase profit 50% in the next four to five years as higher rates boost interest margins and the firm cuts 5,500 more jobs from retail units than it had forecast.
Annette Bongiorno, who ran the investment advisory business at the centre of Bernard Madoff’s $17bn Ponzi scheme, told a jury she backdated customer trades almost every day and didn’t realize it was wrong.
Royal Bank of Scotland is to pay approximately $918m in bonuses for 2013 after securing the agreement of the UK Treasury agency that is its biggest shareholder.
Barclays said on Tuesday that it has closed its power trading desks in London and New York, joining a string of global investment banks that are paring down their commodity market activities as increased regulations bite.
JPMorgan, the bank whose legal and regulatory battles led to more than $23bn in settlements in 2013, said Chief Compliance Officer Cindy Armine left to join another firm after a year on the job.
Why you may benefit more from holding a CFA than an MBA as Wall Street 's hiring engine starts to churn.
Public shouting matches. A tense working atmosphere.
Here are five tips for how Wall Street can win back trust.
Ex-Jefferies trader Jesse Litvak’s former customers told a jury during his fraud trial in Connecticut that lies and misrepresentations are common and part of the give-and-take of bond trading.
CIMB Group Holdings Bhd has cut 32 jobs in its Hong Kong investment banking and equities business on worsening capital market conditions, Malaysia's second-biggest bank by assets said on Monday.
Royal Bank of Scotland could reach a settlement within weeks on claims it misled investors in selling U.S. mortgage-backed securities, passing another milestone in its recovery from the financial crisis, analysts said on Friday.