JPMorgan has hired Marc Pandraud from Deutsche Bank as chairman of investment banking for France and Belgium, according to a memo seen by Reuters on Thursday.
Two former foreign exchange traders will this month sue their former employers Barclays and Citigroup for unfair dismissal at a London court.
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BNP Paribas will outsource its Asian equities trading platform to global electronic brokerage Instinet to save costs as part of a broader overhaul of its regional cash equities business, both companies told Reuters.
Nick Clegg was paid £22,500 by Goldman Sachs for a two-and-a-half-hour speech and presentation on the EU, it has emerged.
Hedge funds posted their lowest annual returns in 2015 in four years, according to data from investment research firm, Eurekahedge.
HM Revenue and Customs has wound up its inquiries into claims that hundreds of British customers used HSBC’s Swiss bank to evade tax, a senior official has admitted for the first time.
Robertson Stephens, the investment management firm for wealthy individuals, family offices and institutions, has hired Alice Wu as managing director and president of the Asia region.
Deutsche Bank, setting out priorities for its new wealth management division, said it will seek to become one of the world’s top five managers of money for the rich over the next few years.
Jose Manuel Barroso’s decision to join Goldman Sachs is “morally unacceptable,” French President Francois Hollande said, adding to criticism of the former European Commission president’s decision to work for the investment bank.
Credit Suisse has named Robert Arbuthnott as its next head of finance, reporting to Chief Financial Officer David Mathers, according to a person with knowledge of the appointment.
The hedge fund industry's storied 2-and-20 fee structure finally may be on its way out.