Goldman Sachs has likely generated around $1.2bn of revenue over six years from its dealings with discount retailer Dollar General Corp, a Reuters review shows.
Gleacher & Co, the New York-based brokerage that lost $159.8m in the past two years, will exit the fixed-income business and is in preliminary talks with another company on a possible combination.
The World Trade Organisation has issued a strong warning against the risks of protectionism as it slashed its forecast for global trade this year from 4.5% to 3.3%.
The Securities and Exchange Commission has announced that Mary Jo White was sworn in this morning as the 31st Chair of the SEC.
Websites for five U.S. banks have been struck in the last month, with 13 targeted-some repeatedly since the first public wave in September.
BNP Paribas has launched an ‘Rescue & Recover’ fund, which offers Group staff the opportunity to provide generous support to disaster victims, whether in the form of rapid aid in an emergency situation or through long-term support for charity organisations and NGOs working to combat various ‘forgotten’ humanitarian crises around the world.
Worldwide announced Mid-Market M&A deals valued up to $500 million (including undisclosed value deals) totaled US$152.5 billion in the first quarter of 2013 – a 4.6% decrease from the first quarter of 2013.
As the French government is mired in a growing scandal over secret foreign bank accounts, President Francois Hollande called for tax havens to be eradicated.
Deutsche Bank and asylum seekers ?
UBS plans to increase its Asia corporate advisory and capital markets team by 10% over three years to tap expansion in the world’s fastest-growing region.
Mizuho Financial Group is expanding its hiring plans for Japan equities to as many as 30 people from 15 as the bank shrugs off global market turmoil to boost its trading and investment banking businesses.
UBS and Credit Suisse accounted for about three out of four job losses in the Swiss banking industry last year, even though they employ less than half the local workforce.
Christian Gaertner, a managing director at Bank of America in London, is leaving to join a German technology startup, a spokeswoman for the bank confirmed.