SAC Capital will gather members of its 1,000-person staff after the markets close Thursday for the second time in two weeks, says someone familiar with the matter, hoping to address lingering questions about a new insider-trading probe and its ramifications for SAC's founder, Steve Cohen.
Rochdale Securities LLC, the brokerage struggling to survive and keep its staff after an unapproved $1bn trade in Apple soured, lost three more traders to competitors.
In a rare interview, former Fed Chairman Paul Volcker told CNBC his namesake rule has already changed how Wall Street does business, despite delays in crafting the final wording.
Federal Reserve Governor Daniel Tarullo said the central bank is planning tougher capital and leverage rules for U.S. units of foreign banks, which some firms have sought to skirt.
Like many employees, second-guessing your boss or company is a game that financial advisers at the big Wall Street firms play, too.
On-going issues in the Eurozone and the looming US ‘fiscal cliff’ will create an uncertain environment for investors until the beginning of 2013, according to Baring Asset Management (“Barings”).
And this guy is said to be pulling the strings.
Former Goldman Sachs director Rajat Gupta was granted a rare hearing before a federal appeals court in New York next month for his challenge to an order that he begin his prison sentence in January.
The field of candidates to run the Securities and Exchange Commission is shifting after a contender dropped out of the race.
With $4.8 trillion in assets - or about the size of Japan’s economy - no one manages more money than BlackRock. So, it’s worth paying attention when the firm says it’s time to cast aside its trusted models for assessing risk in bonds.
Deutsche Bank co-Chief Executive Anshu Jain will receive no severance pay and no compensation for working as an adviser to the bank in the six months after his departure, German media reported on Sunday.
Goldman Sachs, which called for reform of high-speed stock trading before Michael Lewis’s 'Flash Boys' spurred an outcry last year, is diving back in.