Certain questions can be a career killer.
The prime brokerage unit of Bank of America Merrill Lynch has hired former Morgan Stanley executive Deepak Abraham as head of capital strategy in Asia Pacific, according to an internal memo seen by Reuters.
Former Lehman Brothers CEO Richard Fuld is working as a consultant with green chemistry company GlyEco, and the firm felt obliged to point out to shareholders in a filing that the relationship might result in 'negative publicity'.
Goldman Sachs is looking to raise up to $600 million for a publicly-traded credit fund that will provide loans to mid-sized companies.
Hedge funds, on average, returned just above 3 percent in the first quarter of 2013, a brutal return compared to buyers of an S&P 500 index fund, who enjoyed a 10 percent return on their money.
TD Bank Group President and Chief Executive Officer Ed Clark has announced his intention to retire as CEO effective November 1, 2014 at age 67, after 12 years as CEO.
Leading Underwriters During the First Quarter 2013
Most firms are now either lobbying for changes, or working on cunning schemes to get around the cap.
Barclays was complex to manage, failed to create a group-wide culture and had pay policies that focused too much on profit generation, according to the top lawyer appointed by the embattled bank to review its culture.
Banca Monte dei Paschi di Siena SpA has alleged Nomura and Deutsche Bank colluded with former managers to devise two derivatives that hid losses and earned them at least $231m.
Standard Chartered and Societe Generale are among four banks added to a suit by investors claiming banks manipulated the $5.3tril a day foreign-exchange market.
A hedge fund manager appointed to the Bank of England’s monetary policy committee (MPC) has succumbed to pressure about potential conflicts of interest by severing financial links with his former employer.
Goldman Sachs has agreed to pay around $270m to settle a lawsuit by investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities, two people familiar with the case said.