A huge payday.
A new round of cuts coming ?
Known for hiring hundreds of people every year.
Goldman Sachs’s fixed-income traders were supposed to take back market share in the second quarter, halting years of declines. That now looks harder, after JPMorgan and Citigroup blew past analysts’ estimates last week.
Deutsche Bank said two investment vehicles of members of the Qatari royal family, which are among its biggest shareholders, increased their stakes in the company after the stock slid.
Britain’s vote to leave the European Union will probably reduce global investment banks’ revenue by about $8bn and could push securities firms to exit some trading businesses, according to a report by the Boston Consulting Group.
Wells Fargo will pay about $397m to acquire a new London headquarters enabling the bank to increase its presence in the U.K. capital, according to two people familiar with the matter who asked not to be named because the details are private.
As hedge fund manager Buford Scott sat at home, watching the TV in shock as it emerged Britain had voted to leave the European Union, his computer-based trading models were quietly boosting his business by 1.5%.
Funds of hedge funds lost more than $100bn in 12 months because of outflows and poor performance, according to a new report.
Pelham Capital’s main hedge fund lost about 10% in June as the U.K.’s shock decision to exit the European Union sparked turmoil in global equity markets, according to two people with knowledge of the matter.
Wall Street banks are writing some of their biggest cheques ever to fund AT&T’s takeover of Time Warner as they seek a bonanza of fees. But there’s a dose of concern that the $40bn loan pledge may get caught up in a regulatory impasse.
One of Royal Bank of Canada's (RBC) executive stalwarts will retire at the end of January the bank announced this morning.
Thirty years ago this week, the City of London underwent a transformation that would set it on a path to global dominance in financial services.