Dealbreaker has reported that four UBS employees in Stamford, all said to be working in the back office, were sent home last week and told not to come back.
Benjamin Franklin Edwards III was a stockbroker who expanded A. G. Edwards, a brokerage firm founded by his great-grandfather, from a regional firm to a nationwide stockbroking powerhouse, building it into the largest American brokerage firm headquartered outside of New York City.
By Diana B. Henriques
The Financial Times reports that Barclays is to shed 'several hundred' UK corporate banking jobs as it moves to restructure its global operations.
UBS posted its first-quarter earnings Tuesday.
Morgan Stanley posted a profit of $968m in the first-quarter, after trading revenues almost tripled from the fourth-quarter, although earnings fell 45% compared to Q1 2010. The firm also took a bath from its 40% ownership in Mitsubishi UFJ Morgan Stanley, which lost $1.54bn in its last quarter due to trading losses.
Hey, you're never going to keep everyone happy, but Citi CEO Vikram Pandit had an easier time of it at the firm's AGM last week'.
The Telegraph reports that new Glencore chairman Simon Murray has been widely criticized for the 'sexist remarks' he made in a recent interview with the newspaper's sister Sunday Telegraph publication.
The Financial Times reports that HSBC looks set for a 'radical shake-up' which will result in 'slashing costs and reallocating capital in an effort to boost profitability and also resuscitate its flagging US operation'.
Bloomberg reports that Mitsubishi UFJ Morgan Stanley Co. President Fumiyuki Akikusa is expected to resign following the revelation that the joint 6,900-person joint investment banking venture made a loss of $1.7bn for the year ended 31st March.
Are markets too sanguine about contagion from Greece?
You may not know it yet, but that collection of "stuff" on your desk could be revealing a lot about your personality.
The Northeast is bracing for a snowstorm of "potential historic" proportions , with New York and New Jersey declaring a state of emergency, but the stock exchanges in New York plan to be open Tuesday.