Canadian Imperial Bank of Commerce is boosting the target size for wealth-management takeovers to more than $951m as it seeks to increase profit from the business.
Disgraced hedge-fund honcho Ezra Merkin’s litigious ways cost him a cool $300,000.
Reports the U.K. is "actively considering" regulating the virtual currency Bitcoin are exaggerated, the country's financial watchdog has said.
Common Sense Investment Management, a $2.9bn investor in hedge funds, said founder James A. Bisenius will continue to run the firm after he was arrested in a prostitution sting last week.
Goldman Sachs has named Stuart Bernstein as head of a group that focuses on venture capital investors.
U.S. District Judge John Lungstrum said the National Credit Union Administration may pursue civil claims that the bank and two companies it bought, Bear Stearns and Washington Mutual, misrepresented the quality of dozens of securities sold to four credit unions in 2006 and 2007.
Following the confirmation of Vodafone's $130 billion-deal with Verizon on Monday, merger and acquisition (M&A) activity is set to boom as appetite for mega deals returns, according to an upcoming report.
Bloomberg reports that the exchange of evidence in the government’s forfeiture lawsuit against SAC Capital Advisors was delayed by a judge until 6th January while the U.S. pursues insider trading prosecutions tied to the hedge fund.
Sterne Agee, one of the oldest and largest privately-owned investment banking and brokerage firms in the USA has announced that Alex Alden will join the firm's San Francisco office as Managing Director in the Investment Banking Division.
Europe faces a "demographic time bomb" as its population ages and a record amount of young people remain out of work, the director general of the International Labor Organization (ILO) warned on Thursday.
Katherine Garrett-Cox is to step down from the board of Alliance Trust, one of the UK’s oldest investment firms, but continue as the chief executive after a long battle with an activist investor.
Global syndicated lending falls 8% from 2014.
Toshiba Corp may lay off staff in its underperforming home appliances, TV and PC businesses and seek partnerships for its nuclear operations to overhaul the company after a $1.3 billion accounting scandal, its chief executive said on Thursday.