When hedge fund managers venture into new areas, they typically move gradually. Not Michael Platt, co-founder of BlueCrest Capital Management.
A Goldman Sachs unit has denied dumping a Singapore private wealth client’s shares it held as collateral and said it’s still owed money.
Nomura has said two employees who leaked client information used for insider trading three years ago will leave the firm.
Hamilton Insurance, which last year bought SAC Capital's reinsurance business, has named former Citi CEO Sandy Weill its board chairman.
Completed Distressed Debt and Bankruptcy Restructuring activity totalled US$172.7 billion in 2013, a 61.5% decline from last year.
Companies are beginning to embrace wearable wellness devices for employees - a major development, according to James Park, CEO of Fibit, which makes wearable activity trackers.
The big investment banks, most notably Goldman Sachs and JPMorgan Chase, continue to take the majority of fees from advising on M&A. But boutique and independent investment banks are gaining on them.
After two years of stellar gains for global investment banks, JPMorgan has announced its top picks for the sector in the coming year.
Here are 10 resolutions for 2014 to get the financial system back on track as a positive force in society, contributing to economic growth.
BlackRock, the asset manager, agreed to end its analyst survey program worldwide, as part of an agreement reached Wednesday with the New York Attorney General's office.
Commerzbank is considering external and internal candidates to replace Martin Blessing when he steps down as CEO next year, according to people with knowledge of the matter.
Barclays’ reputation took another battering on Wednesday when a US regulator imposed a $150m fine on the bank for the way it treated its foreign exchange customers.
People want to believe they have good instincts, but when it comes to hiring, they can't best a computer.