Goldman Sachs reported a higher second-quarter profit on Tuesday, as it benefited from a sharp decline in expenses and more activity in some parts of the fixed-income markets, but most of its businesses came under pressure.
Pacific Investment Management Co. hired Danielle Luk from Credit Suisse as a portfolio manager and Tiffany Wilding from Tudor Investment Corp. as economist.
Evidence that the UK economy has so far withstood the shock of Brexit has been provided by a Bank of England report that shows no general slowing in activity since the referendum.
Kweku Adoboli, former UBS trader convicted of fraud, has lost his appeal against being deported from the UK.
Deutsche Bank named Patrick Frowein and Berthold Fuerst co-heads of corporate finance for Germany, Austria and Switzerland in the latest shake-up at Europe’s biggest investment bank.
PIMCO has announced that the firm’s Managing Directors have appointed Emmanuel (Manny) Roman as PIMCO’s next Chief Executive Officer.
As Lloyd Blankfein huddled with David Solomon and Stephen Scherr at Scherr’s home in Sagaponack, it seemed there was a Goldman Sachs dress code in effect.
The U.S. Federal Reserve banned former UBS trader Matthew Gardiner from the banking industry for life for rigging currency benchmarks, the first U.S. penalty against an individual in the three-year investigation.
Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money managers to shutter.
What’s the cost of having to raise money quickly by selling London real estate?
There's a chance the sluggish U.S. economy actually grew at a 3 percent pace or better in the third quarter — the best rate in two years.
JPMorgan Chase blocked employees from using the Financial Times website over concerns some may have breached copyright rules by copying and pasting its content, according to people familiar with the matter.
If a U.S. government watchdog has her way, Wall Street banks could find it very difficult to persuade anyone to sit in the chief executive officer’s chair.