'We are working on steps to increase our efficiency, and streamline and simplify areas of the organization'.
On being fired: 'I know I started to cry'.
Bank of America’s Bryan Weadock is stepping down from his role as co-head of global fixed-income sales to take personal leave, joining a growing number of senior Wall Street bond executives moving on amid an industrywide slump.
Deutsche Bank’s Michael Schoell, a senior trader of distressed debt, has left to join hedge-fund firm King Street Capital Management, people familiar with the move said.
State Street agreed to buy General Electric’s asset management unit for as much as $485m in cash to expand alternative investments such as private equity and real estate.
Standard Chartered is closing its office in Geneva, the global center of the commodity-trading industry, in Chief Executive Officer Bill Winters’s latest move to slash the lender’s exposure to the oil, gas and agricultural industries.
Britain’s trading position with the rest of the world has deteriorated sharply with the current account deficit swelling to its widest on record, fanning fears about the sustainability of the economic recovery.
A former Bank of America Merrill Lynch (BoAML) banker has landed the top job at government financial asset manager UK Financial Investments (UKFI), following media reports last month.
One strategist explains why gold still has more upside to go in the coming year, after it recorded its biggest 3 month gain in close to 3 decades.
BlackRock plans to cut about 400 jobs in what may be the biggest round of layoffs to date at the world’s largest money manager, according to people with knowledge of the matter.
Barclays named Joe McGrath head of its operations in the U.S. and put John Mahon in charge of investment banking in Europe and Asia as part of Chief Executive Officer Jes Staley’s revamp of one of the firm’s two main divisions, according to a person familiar with the appointments.
Economists at Goldman Sachs will be forced to revisit their models after Team GB confounded the investment bank’s forecasts for the Rio Olympics.
The Royal Bank of Scotland (RBS) is to start charging some of its top corporate clients to hold cash with the bank.