Stifel Financial, the St. Louis-based brokerage, agreed to buy KBW Inc in a cash-and- stock transaction valued at $575m to build its financial- services business.
Here's a list of 9 financial markets professionals who became national news.
Goldman Sachs, which is scheduled to announce its new class of partners next week, has 407 members of that elite group, down 31 in about nine months, according to a company filing.
Barclays is set to fight a potentially record $470m penalty from U.S. energy regulators by arguing its traders were guilty of braggadocio, not of rigging California electricity prices.
Banks deemed to be too-big-to-fail should hold more capital reserves to protect against operational risks, such as rogue traders, regulatory fines and fraudulent employees, the Financial Stability Board said.
So what's the verdict ?
As the impact of UBS's plans to shrink headcount by 15% (and basically exit fixed income) sinks in, the realisation is hitting staff at rival firms that the Swiss bank will probably not be the only major financial institution that will regroup and become a lot smaller.
Morgan Stanley has announced that Paul J. Taubman, currently co-President of Institutional Securities, has informed Morgan Stanley of his decision to retire at year-end.
As many in Lower Manhattan spent the workweek without power, one area near the Hudson River was bustling: Goldman Alley.
HSBC is braced for fines from the US authorities for laundering money of at least $1.5bn (£940m) – one of the largest in the financial services industry – and warned on Monday that the final penalties could be even greater.
HSBC has been fined a record 40 million Swiss francs (£27.8m) by the Geneva authorities for “organisational deficiencies” which allowed money laundering to take place in the bank’s Swiss subsidiary.
Dishing out blunt "commandments" to the bank's new summer interns.
Christian Bittar, a former senior trader at Deutsche Bank, tried to hire Thomas Hayes from UBS, Hayes told U.K. prosecutors in 2013.