Beware ageing male hedge fund traders.
JPMorgan said profit fell 7.3% in the fourth quarter, after $2.6bn in settlements linked to Bernard Madoff’s Ponzi scheme as legal costs ended a three-year streak of record annual earnings.
Three former Rabobank traders were charged by the U.S. with engaging in a five-year scheme to manipulate benchmark interest rates as international probes of rate rigging escalate.
RBC Global Asset Management has announced the addition of 10 global equity specialists to its investment management team in London.
Major employers plan to recruit around 1,200 extra U.K. graduates this year, sending recruitment to a seven-year high, according to a report.
John Havens, who stepped down from Citigroup on the same day CEO Vikram Pandit resigned in October 2012, will join the bank’s former hedge-fund arm as non-executive chairman and partner.
To spin-off, or not to spin-off ?
What’s the most money a dinner has ever cost you ? Two hundred bucks ? Five hundred ? A thousand ?
Lots of swearing - so if you are going to access at work, make sure you have headphones on!
Controversy over City pay is likely to be reignited this week when the major US banks – including JP Morgan and Goldman Sachs – release their results for 2013.
UBS will shift the heads of its onshore China investment-banking unit from Beijing to Hong Kong, while its offshore advisory head for the country Jiang Guorong will move in the opposite direction, as the bank tries to more closely integrate its Chinese businesses.
Barclays is expected to pay at least $100m to settle an investigation by New York’s banking regulator into whether it abused the 'last look' practice on its electronic currency-trading program, according to a person briefed on the matter.
Nomura, Asia’s global investment bank, announced that it is continuing to strengthen its Investment Banking Division with six recent senior appointments in the Americas, including Head of Equity Capital Markets for the Americas.