JPMorgan has said its operation that produced a $6.2bn trading loss in 2012 will be merged with another business unit.
'There is a tragic end to all living things', says Pimco’s Bill Gross in his latest investment outlook.
Citigroup, the biggest bank to fail Federal Reserve stress tests last week, asked Eugene McQuade to cancel his retirement and lead the company’s submissions over the next year.
A unit of UBS is objecting to a plan that would allow hundreds of investors who lost money in closed-end Puerto Rico bond funds to arbitrate their claims against the firm on the U.S. mainland, according to people familiar with the matter.
Former SAC Capital Advisors fund manager Mathew Martoma’s securities fraud convictions should stand and he shouldn’t get a new trial for the most lucrative insider-trading scheme ever, U.S. prosecutors said.
The trustee overseeing the bankruptcy of MF Global says its customers are going to get paid back 100% of what they are owed by the boutique brokerage.
Royal Bank of Scotland has hired Ewen Stevenson from Credit Suisse as Chief Financial Officer.
A week after the surprise exit of investment bank co-chief Mike Cavanagh, JPMorgan Chase is bracing for another management reshuffle, sources said.
Rafferty Capital Analyst Richard Bove takes aim at Citi management-after Feds launch criminal probe into the firm's operation in Mexico City.
A new survey of employees finds that only 25 percent of U.S. employees with paid time off took all of their vacation days last year.
Investors who pulled an estimated $52.7bn from the Pimco Total Return Fund this year may feel like freeway drivers who changed lanes only to see themselves falling behind traffic.
Crude oil prices face further downside risk in the first half of 2016, with OPEC holding on to hopes of pumping the competition out of business, a Citigroup analyst said Wednesday.
Bank of America will post a $600m pretax writedown in the fourth quarter as it redeems $2bn of trust preferred securities tied to its 2009 acquisition of Merrill Lynch.