A new survey from Spectrem Group finds that only 20 percent of affluent and wealthy investors agree that "money can buy happiness."
Jefferies’ plan to pay two executives $78m of incentive compensation could hurt the firm’s bondholders, Moody’s Investors Service said.
Top U.S. bank regulators and lawmakers are pushing for action to limit the risk that the government again winds up financing the rescue of one or more of the nation’s biggest financial institutions.
The U.S. Justice Department late Monday filed civil fraud charges against the nation’s largest credit-ratings agency, Standard & Poor’s, accusing the firm of inflating the ratings of mortgage investments and setting them up for a crash when the financial crisis struck.
Off with their heads!
Goldman Sachs has been hired by the Russian government to burnish the nation’s image overseas and attract more institutional investors.
UBS CEO Sergio Ermotti warned on Tuesday that risk appetite remained low among clients after reporting weak client inflows.
According to chief executive Jamie Dimon, higher capital rules, Volcker and OTC derivative reforms longer-term make it more expensive and tend to make it tougher for smaller players to enter the market, effectively widening JPM's "moat."
Lloyds Banking Group is likely to pay its staff less in bonuses for 2012 than the year before and will "undoubtedly" pay out less than the other major British banks, its chairman said on Wednesday.
UBS will award bonuses to 6,500 senior bankers in the form of bonds that can be wiped out if the company doesn’t meet capital standards, according to the Financial Times.
Worldwide announced Small-Cap M&A deals valued up to $50 million (including undisclosed value deals) totaled US$70.8 billion in the first half of 2015 – a 10.8% increase year-on-year.
Barclays’ new chairman John McFarlane has a reputation as a tough guy in the City.
The U.S. Justice Department is preparing cases against former Deutsche Bank employees for Libor manipulation and could bring charges before year’s end, according to two people with knowledge of the situation.