One of the world's largest hedge fund firms is stalling, underscoring the challenges faced by other increasingly large money managers.
Hardly a day goes by without another large firm announcing with suitable solemnity that revenues are simply not there anymore, and that they have no choice but to cut jobs.
Credit Suisse shareholders backed the firm’s compensation report, even as some investors criticized rising pay at the bank.
Two BNP Paribas mortgage-bond traders who invested money for the bank left the lender’s New York securities unit last month, according to four people with knowledge of the departures.
A Royal Bank of Scotland unit must stop using trade finance software the bank claims is critical to its business after a judge ruled the rights to it were sold seven years ago.
Pfizer has said it will keep its promises about keeping high-skill jobs and manufacturing in Britain before the US company's boss faces his first grilling by MPs on the proposed takeover of AstraZeneca.
Europe is on the mend, but the economic crisis that has plagued the region since 2008 is not over yet, International Monetary Fund (IMF) Managing Director Christine Lagarde has warned.
How do we end up in the jobs we end up in ?
Whether on Wall Street or Fleet Street, this is not a happy time for big banks
The banks working on the largest advertising merger in history will probably miss out on the bulk of $70m in fees after Publicis Groupe and Omnicom Group terminated talks on a combination.
David Samra, awarded for his stock-picking during and after the 2008 financial crisis, says he’s buying again.
The first signs of trouble for prosecutors came about three weeks into the trial.
Raymond James Financial said it expects an investment cost of more than $400m in the company’s planned purchase of Deutsche Bank’s U.S. private-client services unit.