Morgan Stanley’s fixed-income trading unit offers opportunities on its own merits and isn’t being propped up by more profitable businesses, Chief Financial Officer Ruth Porat said.
SAC Capital Advisors, synonymous with an insider trading scandal that has consumed the hedge fund industry, will soon cease to exist as Wall Street has known it.
The trial of senior executives at the bank that almost bankrupted Ireland begins this week with tight security around the Dublin courthouse where the men being blamed for the Irish banking crisis are to be tried.
Now that's a low blow!
Barclays has been told to hand over thousands more emails and other documents from its former bosses in a UK court case tied to the alleged manipulation of Libor interest rates, which will start in April.
Royal Bank of Canada CEO Gordon Nixon’s 2013 total compensation increased less than 1% from a year earlier as the bank extended its streak of record annual profit.
Ross McEwan, CEO of the Royal Bank of Scotland, is to be called to a crunch meeting with the Bank of England over the state-backed bank’s capital position.
The Financial Conduct Authority has published details of warning notices against two bankers over the rigging of the Libor interbank lending rate.
London is at risk of a housing bubble - with average house prices more than three times higher than in Northern Ireland or the north east by 2018 - but the rest of the U.K. looks set to escape wild gyrations in the property market, according to a report by consultancy EY.
Federal Reserve chief Janet Yellen has instructed staff to refer to her as "chair" rather than "chairwoman", the Washington Post reported on Monday.
As many as seven UBS traders may face sanctions from Switzerland’s financial watchdog in the coming weeks, potentially the first individuals to be punished in the global currency-rigging scandal, said two people with knowledge of the situation.
Jes Staley begins his first day as chief executive of Barclays with a loss of almost £300,000 on the shares he bought last month to show his commitment to the role.
Credit Suisse has appointed Johnson Chui as head of equity capital markets (ECM) for Asia Pacific and created an investment banking role for frontier markets, both part of new senior appointments in Asia, according a person familiar with the matter.