Morgan Stanley has quietly surpassed its archrival Goldman Sachs in a key measurement of how the firms manage risk, raising questions about whether Goldman’s business model needs to change in order to reflect the current regulatory environment.
An ex-employee of Bernard Madoff on trial for allegedly aiding his $17bn fraud oversaw backdating of trades for account statements that sometimes featured 'cut and paste' data, a former assistant told a jury.
Investment bankers, when pitching for flotation work, perhaps behave like estate agents: they wave attention-grabbing figures in front of the seller to try to win the business, and only later say what they really think.
Six months ago Martin Gilbert said it was "extremely unlikely" that Aberdeen Asset Management would buy Scottish Widows Investment Partnership (SWIP) because he was concentrating on smaller acquisitions than one with a likely £400m-£500m price tag.
German Target M&A Pushed to 6-Year High
Requiring companies to compare CEO pay to median worker pay is inherently useless and is dangerous overregulation.
Nothing can stop these money-making machines - not even death.
The days of these firms paying big bonuses to lure each others staff - and retain their own- may be ending.
Bank of England governor Mark Carney offered an olive branch to the City when he said properly managed and regulated banks would be able to secure more help at lower cost from Threadneedle Street if they got into financial trouble.
Two former JPMorgan traders living abroad who face U.S. charges over the bank's $6.2bn 'London Whale' scandal won a bid on Wednesday to avoid sitting for a deposition in New York, where their lawyers say their arrest is likely.
Every organisation stands on the strength of its people.
A near-$1bn money laundering scandal in New Delhi is threatening to ensnare some of the country's largest banks.