BlackRock, Inc. (the 'Company') has announced that it has agreed to repurchase Bank of America Corporation's ('Bank of America') remaining ownership interest in BlackRock totaling 13,562,878 of its Series B Convertible Preferred Shares for approximately $2.545b.
Spare a thought for UBS. It seems to be the Swiss bank's 15 minutes of fame (again) at the moment. But this time it's over rumours concerning the firm's US wealth management unit.
Bloomberg reports that Citi CEO Vikram Pandit stands to collect 'at least' $42m from a retention award program that is designed to encourage him to remain with the firm through 2015.
Well, it looks like Goldman Sachs will be using the Dealogic league tables as a reference point for clients in the foreseeable future, as the firm is currently back on top of the heap in global M&A advisory for the year to date.
Charles R. 'Chuck' Schwab (born July 29, 1937) is the founder and chairman of the Charles Schwab Corporation.
by Jesse Eisinger, ProPublica.
The Securities and Exchange Commission has voted unanimously to propose new rules and amendments intended to increase transparency and improve the integrity of credit ratings.
Now who says all insurance types are boring ?
Here's the latest from our Highly Placed Professional.
Here's the latest from Cityboy.
The British chancellor, George Osborne, has warned that the standoff between Greece and the eurozone poses “the greatest risk to the global economy” after meeting the new Greek finance minister.
When Brett Adcock and Adam Goldstein were analysts at hedge fund Cedar Hill Capital covering the staffing and headhunting industry, they noticed something missing: technology.
Roberto Barbuti, who was the co-head of investment banking at Bank of America Merrill Lynch's Brazilian unit until October last year, left the firm last week to pursue other interests.