The Securities and Exchange Commission has announced that Goldman Sachs has agreed to pay $15m to settle charges that its securities lending practices violated federal regulations.
Bank of America Merrill Lynch has named Elif Bilgi Zapparoli as its new co-head of corporate and investment banking for the Asia Pacific region, according to an internal memo seen by Reuters on Thursday.
Gold prices started 2016 with a glimmer, rising to two-month highs in the wake of the Chinese stock market rout and the ripple effects it caused in European and US markets.
An insider dealing ring that made £7.4m from trading in just six stock market companies used burner phones, offshore companies, code names and encrypted memory sticks to mask their crimes, a court was told on Thursday.
Waves of increasingly tough legislation from financial regulators will push City firms to shell out on an army of compliance consultants in 2016, figures seen by City A.M. have suggested.
JPMorgan Asset Management is taking over managing $1.2bn for BlueCrest AllBlue Fund, giving shareholders an alternative investment opportunity after the hedge fund said it’s returning capital to outside investors.
2.6 million people in the UK are in severe problem debt with 8.8 million in moderate financial difficulty.
'The battle ground is remuneration'.
Goldman Sachs’s fixed-income traders were supposed to take back market share in the second quarter, halting years of declines. That now looks harder, after JPMorgan and Citigroup blew past analysts’ estimates last week.
Deutsche Bank said two investment vehicles of members of the Qatari royal family, which are among its biggest shareholders, increased their stakes in the company after the stock slid.
Britain’s vote to leave the European Union will probably reduce global investment banks’ revenue by about $8bn and could push securities firms to exit some trading businesses, according to a report by the Boston Consulting Group.