Hedge fund Coatue Management plans to return more than $2 billion in capital to investors in its flagship fund on June 30 after extreme volatility in technology stocks led to a 9 percent loss in March.
A trial attorney from the Securities and Exchange Commission said his bosses were too 'tentative and fearful' to bring many Wall Street leaders to heel after the 2008 credit crisis, echoing the regulator’s outside critics.
The hiring is part of a broader effort at the family office, which manages company head Steve Cohen's own money alongside that of certain employees and family members
Completed Distressed Debt and Bankruptcy Restructuring activity totaled US$22 billion during the first quarter of 2014, a 6.8% decline from the same period last year.
Treasury Secretary Jack Lew told CNBC on Wednesday that the U.S. is leading the global economic recovery, despite having "a lot of work to do" by our own country's standards.
'At what point do some of these businesses deserve to be set free away from the regulatory shackles on your bank ?'.
The Royal Bank of Scotland has been criticised for assisting firms in drawing-up controversial zero-hour contracts for workers.
Pack those desks.
European banks are still lagging behind the U.S. banking industry, which has almost completely recovered from the global financial crisis, Jamie Dimon, chief executive of JPMorgan, told French newspaper Les Echos.
From a corner conference room overlooking the Thames, Michael Sherwood, a vice chairman of Goldman Sachs, has the guts to voice publicly what many in London’s centuries-old financial district are increasingly worried about behind closed doors: that threats to Britain’s membership in the European Union are threats to British business.
Dealmaking in 2016 could surpass this year's record-breaking levels as acquisitions of distressed assets and companies accelerate, particularly in the energy sector, Robert Profusek, partner and chair of the global mergers and acquisitions practice at international law firm Jones Day, said Thursday.
City investors are nursing losses after the FTSE 100 ended the year as one of the worst performers among global stock markets.
Here's some of the best books we've read in 2015.