Former Rep. Barney Frank on Monday dismissed calls to bring back the Glass-Steagall Act of 1933, which divided commercial and investment banking, arguing that it doesn't regulate derivatives trading or prevent risky loans and mortgages.
"Do you speak to happy bankers at all?" he wrote in to the blog. "Your interviewees all seem so… miserable." We are meeting for lunch on a sunny winter day. He is a cheerful, slightly sarcastic man in his mid-30s from continental Europe. He orders a salad.
When a 20 pack of cigarettes costs upwards of £8, it's obvious that smoking takes a drag out of one's bank balance.
Recent job market trends in the Banking and Financial Services industry suggest a greater emphasis on the recruitment of internal communications professionals who can guarantee a company's compliance with the Retail Distribution Review that has been in effect since the end of last year.
The Securities and Exchange Commission's civil case against SAC Capital founder Steve Cohen is not that strong, two former SEC enforcement attorneys tell CNBC. But they say that does not preclude more serious charges down the road.
Sir Mervyn King, who stepped down last month as head of the Bank of England, will move to New York in the autumn to lecture students on the financial crisis and its aftermath.
This is the ultimate in bragging rights.
This top Wall Street CEO thinks industry compensation will rise.
Things could finally be looking up.
When Ina Drew resigned as JPMorgan Chase’s chief investment officer last year after reports the bank lost more than $6 billion, the New York Times referred to her as 'the woman who took the fall'.
The co-founder and CEO of privately held sandwich chain Subway, Fred DeLuca, died at 67 on Monday, the company confirmed Tuesday.
I was in Paris between meetings and had had just enough time to gulp a salad and a mediocre glass of Bordeaux before crossing the city by metro.
Tom Hayes, the first person to be found guilty by a British jury of rigging Libor rates, has begun an appeal against his conviction and prison sentence.