Lazard Capital Markets, the closely held brokerage controlled by current and former Lazard employees, is exploring strategic options including a sale or joint venture, according to a spokesman.
Level Global Investors co-founder Anthony Chiasson was sentenced to 6 1/2 years in prison for using illegal tips funneled to him from analysts and company insiders to make $68 million for his hedge fund.
Three out of four whistleblowers who raise concerns of wrongdoing at work with their managers have their claims ignored, an analysis of cases has found.
The "best and the brightest" students are being put off a career in banking because of the stigma attached to the industry, the boss of Lloyds Banking Group haswarned.
Virgin chief executive Richard Branson made his debut as a female flight attendant this weekend, donning a stewardess' uniform and serving drinks to passengers after he lost a bet with a fellow airline magnate.
Now this is a strange one.
The chairman of UBS has agreed to meet activist investor Knight Vinke to discuss demands to hive off its investment bank into a separate business.
Stephen Cohen, the CEO of London-based Governance for Owners, will cast the ballots for investment firm BlackRock at the May 21st JP Morgan shareholder meeting, and could be the one who decides if Jamie Dimon continues as CEO and chairman.
Bloomberg's admission that its reporters had access to some client information on its data terminals indicates an oversight failure, and an independent review is needed, former SEC Chairman Harvey Pitt tells CNBC.
The escalating controversy over Bloomberg reporters accessing private information on Wall Street through the company's terminals puts the data and media empire founded by New York City Mayor Michael Bloomberg into strange, new territory.
Science overwhelmingly supports a workday snooze, but sleeping on the job is stressful.
California prosecutors have amended a complaint against popular ride-sharing service Uber to include poorly managed background checks that permitted drivers with convicted murder and sex crimes to drive for the company.