Robert Grillo, the former head of fixed-income electronic sales at Bank of America, has joined startup Treasuries trading platform OpenDoor Trading as president.
Morgan Stanley CEO James Gorman sounded a positive note about the Wall Street bank’s business, telling investors to “stay tuned” for better performance as markets recover.
Deutsche Bank CEO John Cryan said his bank has never had more capital and could easily repay its debt many times over, responding to a credit-rating cut by Moody’s Investors Service.
A US appeals court on Monday reinstated a civil lawsuit accusing 16 major banks of conspiring to manipulate the Libor benchmark interest rate. The ruling, which overturns a 2013 decision, could bankrupt the institutions, the judges warned.
'For Goldman Sachs, the question is: What will they become when they grow up'.
A former Barclays trader accused of Libor-rigging related offences told the court today that email requests by staff for certain rates were indicative of what they were trained to do.
Bank of America’s decision to fight government allegations that it defrauded Fannie Mae and Freddie Mac paid off as a federal appeals court threw out a judgment of almost $1.3bn against the bank.
Singapore's regulators have shut down a private bank implicated in investigations of Malaysia's troubled development fund 1MDB, with prosecutors in the city-state and Switzerland weighing criminal charges.
Goldman Sachs merely had a walk-on role in the great BHS sale giveaway, but Sir Philip Green should have listened more closely to Anthony Gutman, his old mucker from the investment bank.
Kleiner Perkins has been in the news for unflattering reasons, but investors are still pouring close to $1.3 billion into two new funds.
Sad to report.
UBS doubled the number of quants working for Chief Investment Officer Mark Haefele in the past two years. He wants to hire even more.
Pimco co-founder Bill Gross says his former firm has grown so unreasonable after a falling out over an unpaid bonus that it’s trying to force his attorneys to defy the realities of global travel.