Morgan Stanley said it will drop its remaining claims in a lawsuit against Joseph 'Chip' Skowron after a federal judge ordered the former fund manager and convicted inside trader to repay $31m in compensation.
Part of a cost-cutting initiative.
Deutsche Bank has made 2014 into a make-or-break year for co-Chief Executives Anshu Jain and Juergen Fitschen, who have stuck to ambitious targets for the bank that could be threatened by its long list of legal problems.
Goldman Sachs’ co-head of investment banking in Brazil, Fabio Bicudo, will leave the company 10 months after taking the job.
Oppenheimer Europe has announced the appointment of Lance Heatley as Managing Director, Head of Fixed Income Trading.
Sidney Gilman, the 81-year-old former University of Michigan neurologist who claims he passed tips about clinical tests of an Alzheimer’s drug to SAC Capital Advisors fund manager Mathew Martoma, said he has 'holes' in his memory of a key meeting.
UBS’s board supports the strategy of keeping the investment bank to help provide services needed by the company’s ultra-rich clients in wealth management, Chairman Axel Weber said.
Credit Suisse was sued by Li Tao, chairman of New York-listed China Green Agriculture, who claims the bank was negligent and made unauthorized trades on his behalf.
The Financial Conduct Authority (FCA) has fined Standard Bank £7,640,400 for failings relating to its anti-money laundering (AML) policies and procedures over corporate customers connected to politically exposed persons (PEPs).
Profit margins are up, cash hoards are growing, and small and midsize businesses are better placed, JPMorgan CEO Jamie Dimon told CNBC.
The UK is one of the top places in Europe for finding work, according to new research published this morning.
Any UK involvement announced January 1st - December 31, 2015
Dan Mathisson, the executive who helped build Credit Suisse into an electronic-trading powerhouse over the past decade, plans to leave the bank at the end of next month, according to people familiar with the matter.