The Financial Services Authority (FSA) has fined BlackRock Investment Management (UK) Limited (BIM) £9,533,100 for failing to protect client money adequately by not putting trust letters in place for certain money market deposits, and for failing to take reasonable care to organise and control its affairs responsibly in relation to the identification and protection of client money.
The reputation of Barclays bank took an enormous blow during the Libor rate-fixing scandal, a YouGov poll reveals, plunging its standing to below the depths endured by oil company BP during the 2010 Gulf of Mexico blowout when 11 rig workers were killed.
Mark Zuckerberg has called Facebook's stock market debut disappointing but said the company was set to bounce back. "Some days are hard, some days kick ass," the firm's billionaire co-founder told an audience at TechCrunch's Disrupt conference in San Francisco in his first interview since the company's disastrous initial public offering in May.
Central London based, salary in the region of £300,000 and for a fixed eight-year term, the prestigious role needs a "strong communicator", with "good interpersonal skills" and "a person of undisputed integrity and standing".
Attorneys for jailed former Swiss banker Bradley Birkenfeld announced Tuesday that the IRS will pay him $104 million as a whistleblower reward for information he turned over to the US government.
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.
Imperial Capital Group, the brokerage and investment-banking firm, has hired Andrew Gold as a managing director to oversee sales and trading of emerging markets credit.
The Swiss National Bank (SNB) on Thursday urged the country's biggest banks, UBS and Credit Suisse, to improve their leverage ratios in order to better withstand a potential crisis.
Convicted inside trader Raj Rajaratnam wants his money back.