In a historically bad year for hedge funds, one of their close relatives is thriving.
A City banker who punched a doorman in the eye at a private members club in a row over an unpaid £500 bar tab is facing jail.
Morgan Stanley’s fixed-income and commodities business is capable of generating $4bn in annual revenue after the firm cut the operation in recent years amid an industrywide slump, Chief Executive Officer James Gorman said.
Goldman Sachs and an Australian hedge fund agreed to end a $1bn lawsuit over the sale of mortgage-linked securities, including an investment known as “Timberwolf” that became a symbol of the financial crisis after it was cited in internal e-mails released by U.S. lawmakers.
A vote to leave the European Union would trigger economic and political convulsions in the UK, plunging the country back into recession and sending the pound sharply lower, a forecasting group has warned.
A friend tells me why he is voting Remain. “My wife works for a French bank and they would pull out of London if we left the EU.”
Malaysia's embattled Prime Minister Najib Razak denied accusations of misuse of power, graft and interference in official investigations of troubled state fund 1MDB, according to documents filed in response to a lawsuit, Bloomberg reported on Tuesday.
Brexit fears stalk global markets? Only up to a point.
Covering all the bases.
John Stumpf still needs to do more to make reparations, Sen. Elizabeth Warren tweeted on Wednesday.
Shares of Wells Fargo spiked 2 percent in after-hours trade Wednesday, following its announcement that Chairman and CEO John Stumpf will retire.
Wells Fargo’s chief executive and chairman, John Stumpf, is retiring effective immediately from both the bank and the board in the wake of the scandal over its sales practices.