A record amount of money poured out of exchange-traded and mutual bond funds in June, according to a fresh report by TrimTabs, nearly double the amount pulled out of bond funds at the height of the financial crisis in October 2008.
Just when we thought banks were done with transferring jobs to lower cost locations....
Deutsche Bank is planning to create up to 1,000 new jobs in Dublin when it sets up a new global centre for hedge fund administration here.
Goldman Sachs and JPMorgan Chase were among more than a dozen financial institutions accused by the European Union of colluding to curb competition in the credit derivatives industry.
For European firms with private-banking aspirations, a presence in Switzerland used to be a must. Now, with bank secrecy eroding and rising compliance costs chipping away at profits, more are saying adieu.
The former boss of Anglo Irish Bank has apologised for the 'inappropriate' language he used in recorded phone calls during the bank's 2008 collapse.
It's all happening in Zurich.
Steven A. Cohen, summoned to testify before a grand jury about allegations of insider trading at his SAC Capital Advisors, invoked his Fifth Amendment right not to incriminate himself, said two people familiar with the matter.
Ian Hannam, the former JP Morgan Cazenove banker, is to fight to clear his name by claiming the man to whom he is alleged to have passed inside information was already deemed an insider on the deal.
U.K. financial firms may hire in the third quarter after cutting a worse-than-estimated 10,000 jobs in the three months through June, according to the Confederation of British Industry.