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People News: Citigroup, Deutsche Bank

Citi Building Sign

Citigroup is in talks to hire Armando Diaz as global head of cash equities trading, according to a person with knowledge of the matter, who asked not to be identified discussing personnel.

BNY Mellon faces lawsuit over investor losses


Bank of New York Mellon must face a lawsuit seeking to hold it liable for causing $1.12bn of investor losses by failing to properly monitor five trusts backed by toxic residential mortgages, a Manhattan federal judge ruled.

People News: Morgan Stanley

Morgan Stanley HQ

Morgan Stanley has appointed Saher Bin Jung as head of trading for sterling corporate bonds in London, according to a person familiar with the matter.

Why Schroders' reshuffle looks like a triumph of chumminess

london underground

Well played, Michael Dobson, that was a terrific 14-year innings as chief executive of fund manager Schroders, one of the few grand old City names to flourish in the modern world. A loss-making company in 2001 now makes profits of £600m. Take a bow, have a party and enjoy your retirement.