The Wall Street Decathlon, the annual two-day fitness competition that’s become a favourite of weekend warriors in New York’s financial community, is getting bigger.
Thomas Doster, the head of Morgan Stanley’s principal investment business, is preparing to start a money management firm that will purchase assets from the bank.
Citigroup’s move to simplify the legal structure of its banking operations in Europe will probably place it under direct supervision by the continent’s central bank for the first time, said two people with knowledge of the matter.
Deutsche Bank’s Japanese brokerage unit faces regulatory penalties for the second time in two years after the nation’s securities watchdog found that the firm improperly shared information about a company’s earnings with clients.
The Australian arm of Credit Suisse hired the long-standing head of equity capital markets at rival investment bank UBS, Simon Cox, a spokeswoman said.
Britain’s top cybersecurity experts are billing major companies more than £10,000 a day to protect vulnerable IT systems from sophisticated hackers, according to recruiter Manpower.
Barclays won the dismissal on Monday of a Saudi real estate company's $10bn lawsuit alleging the bank ceased pursuing lease payments due from the Saudi government on military complexes in order to obtain a banking licence.
Anglo American has suspended its dividend and announced plans to cut its workforce by more than 85,000 as mining firms react to the plunging price of iron ore and other metals.
China’s biggest bank, Industrial & Commercial Bank of China, said it punished 137 staff for breaches of Communist Party discipline, such as accepting gifts or starting their own businesses, as a corruption crackdown sweeps through the nation’s finance industry.
Revised Japanese government data showed gross domestic product rose at a 1% annualized rate, up from a preliminary reading of a 0.8% contraction.
Sad to report.
Tony Whittemore, a former senior banker at Deutsche Bank, is joining Barclays as executive chairman of mergers and acquisitions (M&A) in New York starting on Thursday, the bank said in an internal memo.
Britain’s decision to leave the European Union will probably curtail finance industry revenue, including in investment banking, as companies worried about the economic aftermath are likely to hold off takeovers and share sales, according to Deutsche Bank.