BHS has officially collapsed into administration after failing to agree a last-minute deal to rescue the department store chain.
The Sunday Times Rich List: The ups-and-downs of British hedge fund managers.
It is a familiar ritual that takes place every spring. Across the City, employees from top rainmakers to ambitious young bankers wait for their bonus to hit their bank account before resigning to join a rival.
Credit Suisse, seeking to free up capital while immersed in a costly overhaul, is pitching a plan to farm out some of its risk from potential losses linked to events like rogue trading and cybercrime, people with knowledge of the matter said.
Shari Noonan has resigned as a senior executive in Deutsche Bank's equities-trading department, according to a person familiar with the matter.
Citigroup, Bank of America and Comerica should move faster to restructure, including selling more assets, to catch up with competitors that are generating better returns, CLSA’s Mike Mayo said.
A currency trader from the Cartel chatroom -- the instant-messaging group the U.S. government named in wringing guilty pleas from five global banks - has been helping prosecutors who are trying to build foreign-exchange manipulation cases against individuals, according to two people familiar with the matter.
Diamondback Capital Management co-founder Richard Schimel is ready for his next act.
A Citigroup foreign-exchange trader who was suspended while on maternity leave won her employment suit against the bank, after a London court found the firm acted unfairly when disciplining her.
They say crime doesn’t pay.
Over half (54 per cent) of traditional financial services firms are planning to splash cash on their IT systems, as the rise of fintech is leaving them quaking in their boots, research out today has found.
Job seekers with MBAs or experience as securities analysts no longer jump to the front of the hiring line. But if you’re nimble with partial differential equations or wavelets, hedge funds want you.
Pacific Investment Management Co. is seeking to expand in an increasingly affluent Asia.