A time-honored tradition is coming to an end on Wall Street.
A New York man has been charged with theft and attempted extortion from a former UBS M&A banker, who was tied up at gunpoint during a terrifying home invasion in Bedford Hils, New York, in May.
Major US banks are being investigated for insufficiently safeguarding against being used by drug dealers or terrorist groups to launder dirty money, it was reported Saturday.
Twitter has relented in its fight with New York prosecutors to hand over three months worth of messages from an Occupy Wall Street protester ahead of the activist's criminal trial.
Warren Buffett has completed a series of radiation treatments for prostate cancer.
Below is an impassioned speech delivered Merrill Lynch shareholders Winthrop H. Smith, a long-time Merrill employee and son of one of the founders, as they gave the go-ahead to merge with Bank of America. The beginning of the end for Merrill Lynch as a standalone firm was four years ago today.
Charles Edward Merrill (October 19, 1885 – October 6, 1956) was an American philanthropist, stockbroker and co-founder of Merrill Lynch & Company (previously called Charles E. Merrill & Co.).
Amid all the noise from Barclays and others about changing the culture of banking – and the way staff are paid – there is one bank that has not handed out bonuses for 40 years.
A committee led by Goldman Vice Chairman Michael Sherwood is now vetting candidates for promotions to Partner Managing Director, a Reuters source has said.
Deutsche Bank should introduce a cap for top salaries, and staff do not need to earn huge bonuses, Werner Wenning, a member of the bank's supervisory board, told Frankfurter Allgemeine Sonntagszeitung.
The City watchdog is expected to hand out its biggest-ever fine to Barclays on Wednesday as the British bank becomes the last major financial institution to settle foreign exchange rigging allegations in the UK.
The latest “Bank on Your People” survey, investigating the state of employee wellbeing in the financial sector has just been released and the findings are very interesting.