Sad to report.
Jamie Dimon’s got his groove back.
Hostile merger and acquisition (M&A) activity around the globe has reached a seven-year high, to levels not seen since before the global financial crash of 2008, according to a new study.
Goldman Sachs has put its metals warehouse business up for sale, according to a spokesman.
A former Deloitte LLP executive will be suspended from practising as an accountant for two years after settling U.S. regulatory claims that he took thousands of dollars in markers while serving as an adviser on the firm’s audit of a casino gaming corporation.
The U.S. government urged a federal judge to throw out a lawsuit seeking to scuttle its landmark $13bn settlement with JPMorgan, rejecting a claim that the accord let the largest U.S. bank off too easily.
Fang Fang, former CEO officer for JPMorgan’s China investment bank, was arrested by Hong Kong’s anti-graft agency, Caixin reported, citing two people it didn’t identify.
Commerzbank on Wednesday said it had suspended two foreign exchange traders under suspicion of having attempted to manipulate euro/zloty prices in regular trading.
BNP Paribas fell to a seven-month low in early trading in Paris on concern U.S. authorities will seek more than $5bn from the lender to settle a probe into alleged violations of U.S. sanctions.
Moelis & Company, a leading global independent investment bank, today announced the appointment of Maarten de Jong as a Managing Director providing financial and strategic advice to healthcare clients in the U.S. and internationally. Mr. de Jong will join the Firm in August and will be based in New York.
Banking shares have come under pressure this week as investors express fears that the sector will be badly hit by a global economic downturn.
Goldman Sachs has scaled back on FICC trading operations and boosted hiring in compliance in the wake of the financial crisis.
Barclays has poached Paul Compton from JP Morgan Chase to act as its new group chief operating officer.