A former private wealth adviser for a unit of Lehman Brothers can keep a lucrative signing bonus he received from the firm three years before it collapsed, a securities arbitration panel has ruled.
Credit Suisse is betting it can turn around its unprofitable U.S. private wealth business with new loan products and a focus on the ultra-rich, a strategy greeted with scepticism by some securities analysts and former officials at the bank.
JPMorgan and UBS are among banks that received federal requests for information about trades in mortgage-backed securities after the financial crisis, two people briefed on the matter said.
Former SAC Capital Advisors fund manager Mathew Martoma, on trial for insider trading, lost a bid to show jurors what founder Steven Cohen told regulators about the sale of Wyeth stock at the centre of the case - statements he argues exonerate him.
The Bank of England (BoE) left interest rates at a record low of 0.5 percent and its asset purchase target unchanged at £375 billion ($617 billion) as expected.
@GSElevator, the Twitter account that claims to relay overheard conversations from inside the Goldman Sachs elevators, has had surprising longevity for an anonymous parody handle.
With an explosion in the use of social media, some employers have turned to Facebook and Twitter to learn more about potential job applicants.
Standard Chartered has announced a reorganisation to deliver the strategic and financial aspirations outlined at its Investor Day on 11 November 2013.
The market horizon may be relatively sunny, but Goldman Sachs sees five key reasons to remain a worrywart.
More than a third (35%) of global financial services professionals working in banks, asset management and hedge funds believe that executives should be held criminally liable for the actions of staff.