Half of the 2,000 staff earmarked to go from Credit Suisse's global markets division have already been notified, the bank said on Tuesday, as it reported a swing to a first-quarter loss.
Morgan Stanley’s commodities-trading unit, based in the firm’s suburban New York campus for more than a decade, is returning to Manhattan.
Citadel Securities is in talks to buy Citigroup’s electronic market-making unit Automated Trading Desk, according to people familiar with the matter.
Citigroup has named Faraz Naseer head of US high-yield trading, and Fran Sutter and Michael Schechter co-heads of US loan trading, sources said.
German financial watchdog Bafin praised improvements at Deutsche Bank under chief executive John Cryan on Tuesday but a source close to the regulator said it was looking into money-laundering allegations involving bank clients in Russia.
There is a time of reckoning coming for Silicon Valley start-ups that will result in layoffs and consolidations, tech investor Chris Sacca says.
A former Citigroup trader in Japan who was fired for allegedly trying to manipulate foreign-exchange rates in violation of internal policy told a Tokyo court he was made a scapegoat and his actions were condoned by his employer, echoing claims made by several ex-Citigroup employees in courts in other parts of the world.
Blackstone is hiring a former top enforcement attorney at the U.S. Securities and Exchange Commission, months after the world’s biggest alternative-asset manager agreed to its first SEC penalty, two people with knowledge of the move said.
A hard year for Wall Street is still a solid year for its biggest charity gala.
JPMorgan won a judge’s approval to pay $150m to settle investor claims that it hid as much as $6.2m in losses caused by a trade dubbed the London Whale.
Three bankers in Citigroup’s Asian equity derivatives business left last month, according to people familiar with the matter.
The investment banking arm of Guggenheim Partners has hired leveraged finance banker Carl Mayer from Nomura in a push to expand its capabilities in the sector.
Deimos Asset Management, the multistrategy hedge fund that was previously housed within Guggenheim Partners, is closing its doors less than two years after its inception, citing a difficult fundraising environment.