JPMorgan Chase is negotiating final terms of a deal with U.S. securities regulators to end a year long probe of derivatives bets that led to the bank’s biggest trading loss ever, two people briefed on the talks said.
Steven A. Cohen got a reprieve on Thursday, albeit a small and temporary one, when an administrative law judge approved a request to stay a case brought by securities regulators, who have accused the billionaire hedge fund manager of failing to supervise two of his employees.
Private Equity-backed M&A up 23% over 2012.
Wall Street is pretty much convinced that either Janet Yellen or Larry Summers will be the next chairman of the Federal Reserve.
More than 10,000 frontline bank staff have recently taken the leading professional qualification in retail banking.
Jim Cramer has enjoyed a storied career. And part of it involved working at perhaps the most prestigious brokerage on Wall Street.
But getting new jobs might not be that easy.
Goldman Sachs, which generated about half its revenue from trading last quarter, posted losses from that business on six days in the second quarter, unchanged from a year earlier.
Risky investments caused losses of about $12.2m
When Goldman Sachs President Gary Cohn recently addressed first-year analysts while his boss, CEO Lloyd Blankfein, got stuck talking to the firm’s lowly interns, the rumor mill inside the big Wall Street firm began to churn over whether this was a sign that Cohn was about to get the job he has longed coveted and run the famed investment bank.
Bank of America’s Merrill Lynch was the latest bank to be dragged into a rash of foreign-exchange-related unfair dismissal lawsuits after a former trader sued the bank.
Deutsche Bank will close its Russian banking and securities businesses as co-CEO John Cryan presses ahead with a plan to exit some countries and the lender grapples with a probe into alleged money laundering at its Moscow office.