Michele Faissola, who spent 17 years helping expand Deutsche Bank’s investment bank, has a new project: building a money management unit that can compete with UBS and Credit Suisse.
Nomura Holdings has cut a team of London proprietary traders focused on stocks as Japan’s largest brokerage scales back in Europe, said two people with knowledge of the matter.
Here's a look-back at some of our most popular stories for all you Lehman-junkies.
Biggest Week for Global ABS since September '09
High-frequency trading (HFT) faces possible extinction in Europe as politicians from across the political spectrum join forces to impose restrictions on a practice blamed for two market crashes in recent years.
'A friend of mine left the market two years ago. He used to be one of the traders at my first firm, so we go back ages. He had achieved what he set out to do when he started his career in the markets. What a lucky guy - or so we thought.
The trader with 'the magic touch' ?
JPMorgan Chase & Co. (JPM), the firm that plunged as much as 24% in the month after disclosing a multibillion-dollar trading loss, has erased almost all of that decline.
Big banks should start considering their shareholders and look at options that might be uncomfortable such as spinning off businesses, Phil Purcell, the former head of Morgan Stanley, told CNBC’s 'Squawk Box' Thursday.
Barclays staff were warned on Thursday that the size of their bonuses will be linked to the way they do business – not just the revenues they generate – under a new approach being developed by the new chief executive Antony Jenkins.
Citigroup said it may plead guilty amid a US Department of Justice probe into its foreign exchange business.
Goldman Sachs must repay $80m with interest that National Australia Bank invested in a mortgage security before the financial crisis, a Financial Industry Regulatory Authority arbitration panel said.
Nomura and Royal Bank of Scotland may face $500m in damages for what a judge called an 'enormous' deception in the sale of defective mortgage-backed securities, a ruling that may spur other banks to settle similar claims tied to the 2008 financial crisis.