Federal Reserve bank supervisors cautioned Goldman Sachs over risks in a debt deal it arranged to fund the $4bn buyout of Ultimate Fighting Championship, according to people with knowledge of the matter.
Symphony is a start-up that's a darling among bankers and is scoring screen time all over Wall Street.
Two leading hedge funds which made big bets on Deutsche Bank shares falling are now reducing their "short" positions, in a sign of confidence in the stability of the bank.
A new fund spun out from hedge fund manager Odey Asset Management will only charge investors a 1 percent management fee and zero performance fees, levels sharply lower than traditional industry standards.
After a sluggish first half, recent IPO moonshots spark hope for the listings business.
Fourteen senators are calling on the Justice Department to open a criminal investigation of Wells Fargo executives after revelations that bank employees opened millions of fake banks and credit card accounts.
Deutsche Bank is holding informal talks with securities firms to explore options including raising capital should mounting legal bills require it, according to people familiar with the discussions.
Marshall Wace – a London-based hedge fund – has revealed a multi-million euro bet that shares in Germany’s second largest lender Commerzbank will fall.
Jon Corzine is close to reaching a tentative agreement to resolve a U.S. regulator’s allegations that he failed to properly oversee MF Global Holdings, as the brokerage unit spiraled toward failure almost five years ago, according to a person with knowledge of the matter.
George Friedlander, one of the best-known strategists in the $3.8tril municipal bond market, is leaving Citigroup after about 40 years with the bank.
A former Barclays executive Justin Bull said he was "uneasy" suspending traders accused of foreign-exchange manipulation in an internal probe, the second time he’s expressed sympathy for former employees caught up in the allegations.
The goal in hiring is to find the right person to fill the right position.
London now has the second most over-valued property market in the world, beaten only by Vancouver in Canada, according to a new “Bubble index” compiled by Swiss bank UBS.
Nicholas Michael Bonacci, a former mortgage-bond trader at Morgan Stanley, was fined by the Securities and Exchange Commission and suspended from the industry for a year for misleading customers about the value of the securities they were buying, causing them to pay more.
Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years.
Wells Fargo CEO John Stumpf stands to walk from the bank with $123.6m in severance and stock value if he retires from the bank, which is still reeling from a scandal where hundreds of thousands of accounts were inappropriately opened for customers.
Wells Fargo executives will forfeit millions of dollars in the wake of revelations that the bank’s sales quotas led to the creation of more than 2m unauthorized accounts.
Commerzbank aims to cut around 9,000 jobs in the next few years and will scrap its 2016 dividend as part of efforts to reduce costs in the face of negative interest rates, a source close to the bank's supervisory board said on Tuesday.
A bubble in the bond market is nearing a “dangerous situation” as asset-buying programs by central banks keep pushing up prices, Aberdeen Asset Management Chief Executive Officer Martin Gilbert said.
Two sources familiar with the matter told Reuters.
In the battle for supremacy on Wall Street’s equity trading desks, the most successful banks are dangling a precious resource in front of hedge-fund clients: a balance sheet.
Elizabeth Warren might have been happy to see the sudden resignation of former Wells Fargo CEO John Stumpf last week. But that doesn't mean she's a fan of the new boss.
Deutsche Bank should shrink its securities business and eliminate more jobs to help lower costs further, according to some of the bank’s largest investors.