Perella Weinberg Partners is offering partner status to four executives of Tudor Pickering Holt & Co. as part of talks to reach a deal to combine the investment banks, according to two people familiar with the plan.
It wasn't just Deutsche Bank that was grappling with big questions about the future at the International Monetary Fund meetings in Washington earlier this month.
Focusing on employee conduct.
A very competitive landscape is likely to see more consolidation.
Frankfurt is seen upping attempts to attract financial firms, amid reports that banks such as Goldman Sachs are mulling relocation of some operations.
Credit Suisse, the bank seeking to lower costs at its investment bank, cut two equity analyst positions in Dubai and reduced jobs in South Africa, including researchers covering stocks, according to people familiar with the matter.
Citigroup denied moving too slowly to close out a client’s trades in a lawsuit linked to the market turmoil that followed the Swiss National Bank’s surprise decision to scrap its currency cap last year.
THE value of UK M&A in the third quarter increased from the previous quarter despite Brexit uncertainty, according to EY which predicts the end of the so-called megadeal.
A former UBS trader is pushing the financial watchdog to reveal the details of its investigation into the bank during the Libor scandal, in a bid to have his ban from the City reversed.
The deliberations are at an early stage.
Wells Fargo is guilty of “egregious corporate behavior”, Hillary Clinton said while speaking at a rally in Ohio on Monday. Her speech came on the same day as Illinois became the second state to cut ties with the bank.
Some of the biggest electronic traders are complaining that a new test in the U.S. stock market will compromise their top-secret strategies, one of their most valuable assets.
The pound has sunk to a three-year low against the euro on worries over the UK’s prospects outside the EU, after the government set a timetable for Brexit negotiations and fanned fears it would go for a deal that leaves Britain excluded from the single market.
The two stories, at the crux of the financial crisis, are important to understanding why the market freaks out every time a bank hits rough waters.
Sad to report.
The move is said likely to mostly affect back-office staff such as in information technology services.
A "superstar" Barclays trader fired amid the foreign-exchange market manipulation scandal lost his unfair dismissal case in London, three weeks after regulators banned him from the U.S. banking industry.
J.P. Morgan Asset Management CEO Mary Callahan Erdoes says being a jack of all trades is not the best route to the top.
Announcement expected Monday.
Illinois is joining California in suspending Wells Fargo from handling “billions” of dollars in investment work and the underwriting of state debt after the company admitted to opening potentially millions of bogus customer accounts.
A one-time regulatory official at Lloyds Banking Group sued the bank over claims he was pushed out for blowing the whistle on corporate misconduct and suffered sex and disability discrimination.
The Securities and Exchange Commission has announced that Ernst & Young LLP has agreed to pay more than $11.8m to settle charges related to failed audits of an oil services company that used deceptive income tax accounting to inflate earnings.
Is there a conspiracy to unsettle Mark Carney? The governor of the Bank of England sometimes sounds as if he thinks there is.