'We have been carefully reviewing the situation and contingency planning around a number of areas, including our organisational footprint and where we book business'.
'There's a need for talent which is sparking (this initiative)'
The Securities and Exchange Commission has announced that Morgan Stanley Smith Barne has agreed to pay a $1m penalty to settle charges related to its failures to protect customer information, some of which was hacked and offered for sale online.
Top US investment banks have signaled a rebound in revenue growth in the second quarter from a year ago, potentially bringing relief to the industry after four quarters of year-on-year declines.
Zubin Ramdarshan, who joined Cantor Fitzgerald in April to help lead the firm’s exchange-traded funds business in Europe, said he left to work with an “old friend.”
Investors poured an estimated $144m into the Janus Global Unconstrained Bond Fund in May, the most new money going to Bill Gross’s mutual fund since December 2014.
John Cryan’s plan to revamp Deutsche Bank risks unraveling as the departure of the chief executive officer’s most senior hire presents one more false start to a strategy he laid out last year.
A CITY banker who blew nearly all his family's money on spread betting because he did not want to be seen as a "wimp" by co-workers has been ordered to hand every penny that is left to his ex-wife.
After a disappointing 2014 World Cup, the nation is eagerly awaiting the start of Euro 2016. With a 100 per cent record in the qualifiers, and currently priced at 8/1 fourth favourites, England are quietly confident that they can at least emulate their semi-final appearance 20 years ago.
The collapse in the value of the pound since Britain voted to leave the EU has been described by Mervyn King, former governor of the Bank of England, as a welcome change.
The UK has recorded its biggest-ever month for tourist visits after the referendum-related slump in the pound lured 3.8 million people to British shores in July.
The staff say they were denied payouts due 'significant media and political pressure'.