A third Barclays foreign exchange trader suspended amid regulatory probes into potential currency manipulation has sued the bank for unfair dismissal.
Wells Fargo was recently fined for opening fee-generating accounts without authorization.
PJT Partners, the firm founded by Paul J. Taubman, has formed a partnership with private-equity firm White Oak Equity Partners to help hedge funds find more investors.
Only three to five global full-service banks will survive.
Wells Fargo CEO John Stumpf told Jim Cramer that he plans to lead his company through recent allegations of abusive account opening practices.
You could get dinged on compensation, or even knocked out of contention for a job, by a corporate scandal you had nothing to do with.
Citigroup said third-quarter markets revenue will be up in the “mid single digits” range from a year earlier, led by rates and currencies trading.
Troubles in the energy industry have presented opportunities for bond investors thirsting for yields.
Jim Cramer spoke with Wells Fargo CEO John Stumpf, who says he holds himself accountable for the alleged abusive sales tactics of his company.
UBS' Dawn Fitzpatrick said that the markets are overly focused on central banks and should pay more attention to political catalysts.
A rarity in the banking industry.
Wall Street bonuses are expected to decline for the third consecutive year, reflecting a period of busted mergers, limited trading activity and muted hedge fund returns.
Former Wall Street executive Andrew Caspersen was sentenced on Friday to four years in prison for engaging in what prosecutors say was a Ponzi-like scheme to defraud investors including family members and friends out of $38.5 million.