Activist investor Carl Icahn was up 31% last year.
Australia & New Zealand Banking Group (ANZ) plans to boost its capital-markets business in India and will hire bankers to increase syndicated lending and bond origination.
Credit Suisse is considering selling additional stakes in an electronic interest-rates trading unit it set up last year, according to a person briefed on the plan.
JPMorgan Asset Management has hired Christoph Von Reiche in a new position as head of Europe for its institutional business.
Royal Bank of Scotland lost two debt traders to rival firms as the bank continues to scale back its U.S. operations.
Man Group has agreed to acquire Pine Grove Asset Management, a US-based fund of hedge fund manager specializing in the management of credit-focused hedge fund portfolios with approximately $1.0bn of assets under management.
Britain’s markets regulator is seeking to fine former Deutsche Bank trader Christian Bittar about $17m for allegedly trying to rig benchmark interest rates, its largest ever penalty against an individual, said a person with knowledge of the situation.
Recruiters say these kinds of perks help start-ups attract talent. But there's another motive.
Credit Suisse is set to pull in well over $100m (£60m) from the impending stock market listing of Alibaba, the Chinese internet group, after disclosing a $50m bond investment it made in 2012.
The Bank Workers Charity
The probability of a global economic recession this year is as high as 20% in a worst case scenario, investment bank Morgan Stanley said on Tuesday.
Shell has warned that its fourth-quarter profits may be 50% lower than last time with full year write-offs as high as $7bn (£5bn), underlining the damage being wreaked on the industry by low crude prices.
Point72 Asset Management, the firm that oversees billionaire Steven A. Cohen’s wealth, is seeking more than 40 traders and analysts as it expands its London office.