The Raj Rajaratnam insider trading trial is now well underway in New York.
The Wall Street Journal reports that Bank of America moved mortgage boss Barbara Desoer from Charlotte to California in 2009 to take up her new responsibilities.
Reuters reports that, despite the outcry about excessive investment banker pay, compensation for Managing Directors at investment banks is essentially flat when compared with 1998, after allowing for inflation.
Best Start For US IPO Fees Since '05
Citi has identified eight key execution priorities for 2011 and beyond.
The four key principles - the values that guide the firm are:
According to Forbes latest list.
Here's something Bloomberg has reported that came from Timothy Sloan, the CFO over at Wells Fargo, on the subject of acquisitions.
Brian Moynihan, Bank of America. Only 17.5% of respondents thought he was worth his 2010 bonus.
The Telegraph reported that the UK's Recruitment & Employment Confederation (REC) is an industry body set-up to promote best practice within the recruitment industry.
Three-owner Hutchison Whampoa is in talks to buy Britain’s second-largest mobile phone operator O2 for up to £9bn, according to reports.
Deutsche Bank and Barclays, two of the world’s largest currency dealers, were among the first banks to suffer losses after the Swiss central bank’s surprise decision to abandon a cap on the franc, people with knowledge of the matter said.
Citigroup, the world’s biggest currencies dealer, lost more than $150m after the Swiss central bank’s surprise decision to let the franc trade freely against the euro, according to a person briefed on the matter.