Hedge funds needed a trade with nice returns, and they may have found it: emerging markets.
Things are looking up for the Brazilian economy - but it won't be due to the Olympic games starting this week, according to a UBS report.
Italy’s biggest bank, UniCredit, has borne the brunt of lingering anxiety about the country’s banking sector, seeing its shares fall sharply following the EU-wide banking health checks.
Stress tests for Europe’s banks are Orwellian doublespeak.
Things ain't wot they used to be.
Jacob Gottlieb’s Visium Asset Management plans to fire 24 employees in New York as the firm liquidates its hedge funds following charges against three former employees.
Anthony Scaramucci’s Skybridge Capital is expanding to the UK even as the fund-of-hedge-funds firm faces headwinds in the US.
Goldman Sachs was sued by a former executive who claims the bank failed to pay at least $350,000 in legal fees he racked up while defending himself in a government investigation into stolen Federal Reserve documents that wound up in his e-mail in-box.
UBS’s Asia investment banking co-head, Saurabh Beniwal, is planning to leave as the bank trims senior management ranks in the region, people familiar with the matter said.
A war of words has escalated between the supporters and detractors of troubled German lender Deutsche Bank.
A "superstar" Barclays trader fired amid the foreign-exchange market manipulation scandal lost his unfair dismissal case in London, three weeks after regulators banned him from the U.S. banking industry.
Illinois is joining California in suspending Wells Fargo from handling “billions” of dollars in investment work and the underwriting of state debt after the company admitted to opening potentially millions of bogus customer accounts.