The UK Financial Services (FS) industry is struggling with the pace and volume of change driven by new regulation and increasing legislation, according to new research from transformation consultancy Moorhouse.
Worldwide Cross-Border M&A Turns Positive
Bloomberg Television's Stephanie Ruhle and Erik Schatzker obtained a nine-page report of Goldman’s investigation on Greg Smith, which includes internal emails, personnel records and performance reviews.
An independent investigation into a $2.3bn trading loss at UBS AG (UBSN) found three further incidents of unauthorized trading at the bank.
Nevertheless, even Google's misfiring revenues showed 19% growth from the same period last year. But, critically, that was a substantial slowing for a business that had consistently shown revenue growth since the end of 2009, when the global financial crisis was at its deepest.
JPMorgan Chase’s energy- trading unit admitted making mistakes in filings to state and federal regulators as it sought to avoid losing its authority to trade electricity.
Goldman Sachs sought to profit last year by persuading clients to buy and sell stock options on European banks such as BNP Paribas and UniCredit, according to former employee Greg Smith’s new book.
More leaks from 'people with knowledge of the matter'.
Wall Street’s smaller stock traders are throwing in the towel as their fees fail to recover from a three-year slump in equity volume and a shift to computer-driven transactions.
Bank of America Corp hired veteran China banker Margaret Ren as chairman of its China business, a memo obtained by Reuters on Tuesday showed, bringing her back into the Merrill fold at a time when the bank is trying to expand its business inside the country.
Barclays is sponsoring a scheme that will give 35 s.x workers in London the chance to retrain for a different job.
After Dick Fuld's first public speech since the crisis, this PR guy had one thing to say: Don't call it a comeback.
Asia's largest listing this year opened with a whimper in Hong Kong on Monday, defying the gains seen in other recent initial public offerings (IPO) in the territory.