That's a lot of cost to take out.
Morgan Stanley and Citigroup have announced that they have reached agreement for Morgan Stanley to purchase Citi’s 14% stake in Morgan Stanley Smith Barney, together with the transfer of approximately $5.5bn of deposits at no premium, at an implied 100% valuation of $13.5bn.
Apparently married men make better traders than single men. But do you know which group trumps them both in trading ? It’s women.
Royal Bank of Canada is among lenders bucking job-cutting trends in the U.S. and Europe as acquisitions help swell head count at Canada’s biggest banks.
Here's a collection of other September 11th contributions sent in by readers.
It's 8 weeks into scrutinising all 54 business areas within corporate and investment banking. Units will be closed, and jobs will go.
Interns are way too junior to be entrusted doing serious stuff, especially in this day and age.
Gary Baker, Bank of America’s head of European equities strategy, is being replaced by John Bilton amid a reorganization of the firm’s research department, said three people with direct knowledge of the move.
More than one in four (28%) HR directors admit that they have no formal process in place to deal with stress and anxiety for employees, according to a survey by OfficeTeam, a leading recruitment agency specialising in administrative staffing.
There will be no demerger at Barclays.
Amazon.com is considering recruiting the man on the street to deliver packages to the rest of his neighborhood.
Officials in Brussels will on Wednesday announce a series of measures designed to stamp out the toxic culture of secret, sweetheart tax deals for multinationals which prevails in a handful of EU member states and erodes tax receipts in other countries.
While the German chancellor, Angela Merkel, is publicly insistent on reaching a compromise deal that ensures Greece is saved from insolvency, expectation is rising – in Germany and elsewhere – of a Greek exit from the eurozone.