Goldman Sachs Tuesday reported profits far above analyst expectations as revenues came in more than $1bn higher than predicted on the back of equity market volatility.
Investors in HSBC should vote down the London-headquartered bank's remuneration and annual reports, according to an influential shareholder advisory group.
Royal Bank of Scotland has struck a deal to pour £3.5bn into pension scheme over the next few years, marking "important milestone" in the state-backed lender's path towards resuming dividend payouts.
Investors hoping that tax cuts and aggressive government spending plans will add another leg to the bull market likely are going to be disappointed, Morgan Stanley argues in an analysis that contends the end of big returns is near. The firm maintains that boosts from fiscal policy are largely priced into the market and unlikely to last much longer.
About half of his fortune comes from his stake in the firm.
Cantor Fitzgerald LP’s Shawn Matthews is stepping down as head of the firm’s broker-dealer unit and plans to start a hedge fund.
Activist investor Ed Bramson has started approaching Barclays shareholders in an attempt to gain their backing for big changes to the investment bank, according to reports.
Deutsche Bank has been asked by European Central Bank supervisors to calculate the potential costs of winding down its investment banking operations, a source told Reuters on Sunday.
The pay packet of Larry Fink, chief executive of Blackrock, rose to $28m during 2017, according to a proxy statement issued by the firm.
Bank of America Monday reported record earnings which beat analyst expectations thanks to higher interest rates and the boost from tax cuts.
For Wall Street banks, treating clients to the 45-day dry-aged bone-in rib eye at Delmonico’s in Manhattan may now cost the full $65, thanks to President Donald Trump’s tax law.
The results of the Third Round of HITC's Best Place to Work in the Financial Markets poll are in.
It started with a $105 billion blunder, and then it got worse.
Two U.S. regulators have proposed Wells Fargo pay $1bn in penalties to resolve probes into auto insurance and mortgage lending abuses at the third largest U.S. bank, overshadowing its first quarter results.
J.P. Morgan Chase reported earnings that beat on both the top and bottom line Friday, although trading revenue growth remained light.
The London Stock Exchange has ended its six-month search for a new chief executive by appointing Goldman Sachs banker David Schwimmer to replace Xavier Rolet, who was pushed out in November.
As Wall Street's financial giants get set to report first-quarter earnings and provide a look ahead for the days to come, hopes are high. Corporate profits overall are expected to have risen 17 percent for the three-month period, but the financial sector has drawn especially keen interest.
Whitbread is under mounting pressure from hedge funds to break up its business by spinning off the Costa Coffee chain, after activist investor Elliott Advisors built up a stake of more than 6%.
John Paulson, a onetime leader in the hedge-fund industry, owes about $1 billion in federal and state taxes this year, The Wall Street Journal reported Wednesday, citing people familiar with the matter.
Back in the 1990s, the share-trading website E*Trade used to run a television advert featuring a cocky young financial adviser counselling a grey-haired client.