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Goldman professional said placed on leave

Donald Trump

Luke Thorburn, the only Goldman Sachs employee who donated to Donald Trump’s presidential campaign in the second half of last year, has been placed on administrative leave, according to a person with knowledge of the decision.

Barclays said to boost severance for some employees

Oliver Twist

Barclays boosted severance packages for equities employees dismissed in Tokyo last month, adding the equivalent of three months of pay to some of the 80 workers affected who had rebuffed initial offers, people familiar with the matter said.

Barclays to face electricity price lawsuit


A U.S. judge ordered Barclays to face a proposed class-action lawsuit in which a California water utility accused the British bank of illegally manipulating electricity prices in the western United States, causing purchasers to overpay.

Hedge fund to shut down Hong Kong office

Closed Sign

Grupo BTG Pactual’s hedge fund unit is shutting down its Hong Kong office as it shrinks its operations following a slump in assets under management, two people with knowledge of the matter said.