Barclays has said that Emmanuel Fievet, head of wealth management for the U.K. and Europe, has left the company and will be replaced by Henry Fischel-Bock.
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Police have arrested eight men in connection with a £1.3m theft by a gang who remotely took control of the computer system of a Barclays bank branch.
Too big to manage? Too big to regulate?
A Goldman Sachs Managing Director is scheduled to be arraigned on charges of raping a woman at his rental home in East Hampton, New York, the wealthy beach community on the east end of Long Island.
The U.S. Securities and Exchange Commission, in settling claims with JPMorgan Chase over its handling of a $6.2bn trading loss, landed its biggest victory yet in fulfilling a pledge to force wrongdoers to admit guilt.
Goldman Sachs was prevented from participating in the 9th September auction of three-month U.S. Treasuries because of a malfunction with the government’s online order system, according to a person with direct knowledge of the matter.
Deutsche Bank has won an appeal overturning a Singapore ruling ordering it to pay former client Chang Tse Wen $49m for negligence in advising him on his investments.
As JPMorgan Chase works its way through its own legal morass, it can look to Goldman Sachs for an example of how long litigation can haunt a bank.
Last spring the City of London was rife with rumours about a trader at the vast JP Morgan investment bank who was making such huge bets on the highly complex – and deeply risky – derivatives markets that he was known as "the London Whale" or "Voldemort".
There were 285 individual analysts representing 41 firms singled out for their performance, according to the latest Institutional Investor rankings.
Former ICAP brokers known as 'big nose' and 'Lord Libor' helped Tom Hayes rig the London interbank offered rate “enthusiastically” over four years, prosecutors said on the first day of the second trial into benchmark manipulation.
Credit Suisse has hired former Standard Chartered banker Richard Kao for its greater China corporate finance team, a source with direct knowledge of the matter told Reuters on Wednesday.