Meredith Whitney suggested last week that, given the current state of the industry, bankers need to get real and take any job that's going. But there are limits.
Morgan Stanley Smith Barney's new brokerage technology platform has been beset by glitches that have frustrated the firm's financial advisers and made a long and costly merger more expensive, brokers and other people familiar with the situation said.
UBS was sued by a former senior commercial mortgage-backed securities strategist who claims he was terminated for telling supervisors he was being pressured to publish misleading reports.
Wall Street banks and brokers are poring over their trading systems and rethinking the way they test software to make sure they don't become the next Knight Capital Group, the trading firm whose survival was imperiled by a software glitch on Wednesday.
The trading losses at Knight Capitl has renewed pressure on Washington regulators to prove they are equipped to protect investors in markets that are increasingly computerized and fragmented.
It's a good job bankers usually earn enough to retire early.
UBS has dismissed about two dozen traders and managers in connection with an investigation of manipulation of the London interbank offered rates, Der Sonntag has reported.
Just a month after her father Bob resigned as chief executive of Barclays, his daughter has followed his lead by stepping down from her job at Deutsche Bank.
OK, so looking at the medal table might be good for GB morale, but try paying your mortgage in good morale!
Knight Capital, driven to the brink of bankruptcy by trading losses last week, agreed to a $400m cash infusion through the sale of convertible securities, two people with direct knowledge of the matter said.
It’s amazing now to think that George Osborne ever had hopes of shifting any of the state’s shares in Royal Bank of Scotland during the lifetime of the last parliament.
The "Flash Crash" arrest proves that it's time to stop mocking Michael Lewis - and do something.
Perhaps it was the warmer winter that spurred economic activity in the eurozone, or maybe confidence was boosted by a financial firewall being erected around Greece to protect against a messy default.