Dennis Lynch, along with the 18-member growth investing group he leads at Morgan Stanley, was named domestic stock fund manager of the year by Morningstar.
Bank of America took in more investment-banking fees than larger rival JPMorgan for the first time since acquiring Merrill Lynch during the financial crisis.
Global investigations into alleged currency market manipulation intensified on Wednesday as U.S. regulators descended on Citigroup's London offices and Deutsche Bank suspended several traders in New York, sources told Reuters.
Citigroup reported fourth-quarter profit that missed Wall Street estimates as bond trading slumped.
Sir Hector Sants, who resigned from his role at Barclays just two months ago due to stress and exhaustion, is being lined up by the Archbishop of Canterbury to lead a new financial taskforce.
Most banks are losing money trading stocks in Europe when their cost of capital is considered, said the top equity derivatives executive at BNP Paribas.
Bank of England officials discussed trading practices around key foreign-exchange benchmarks with senior currency dealers 18 months before regulators opened formal investigations into alleged rate-rigging.
A doctor who supervised testing of an Alzheimer’s disease drug said he was 'flabbergasted' and 'shocked' at the precise information that former SAC Capital Advisors fund manager Mathew Martoma had about the drug trial results.
Young graduates are turning towards startups over the financial services as a result of the latter's work ethos, and banks are taking notice.
Barclays, facing a $488m fine for allegedly gaming U.S. energy markets, seeks to delay a U.S. lawsuit to enforce the penalty until a judge decides whether the bank did anything wrong.
Credit Suisse has appointed its investment-banking chief in the Asia-Pacific region, Vikram Malhotra, to run a newly created unit serving ultra-rich entrepreneurs.
Bank of America’s Merrill Lynch unit plans to sign up five Asian hedge-fund start-ups a year as part of its emerging manager program that gives them exclusive access to the bank’s resources, usually reserved for managers of billions of dollars.
It hasn't been a banner year for the Oracle of Omaha .