Barclays will hire 100 new staff in its private bank as it launches its second attempt in the last seven years to win more business from wealthy clients, a source with direct knowledge of the plans told Reuters.
Luxembourg is luring firms on the lookout for a post-Brexit foothold in the European Union, from JPMorgan Chase to insurance giant American International Group.
Shortly after Bernie Madoff arrived in prison, at the start of a 150-year sentence, the mastermind behind the largest fraud in financial history was slapped across the face.
The billionaire investor Steven A. Cohen may be barred from managing outside money until next year, but he has already hinted that he plans to get back into the hedge game.
A forced relocation of euro clearing away from London could cost investors an extra €100bn (£77bn) in five years, the boss of the London Stock Exchange Group has warned.
Bitcoin hit a fresh record high above $2,100 on Monday with the cryptocurrency continuing its strong rally.
Royal Bank of Scotland has made a last-ditch effort to avert a high-profile court case brought by thousands of investors who claim they were misled into buying the bank’s shares in the runup to its taxpayer bailout.
Jim Donovan is dropping out as President Donald Trump's nominee to serve as deputy Treasury secretary, Politico's Ben White says.
The Federal Reserve Board on Friday announced that it has imposed a $1.2 million fine and a permanent ban on employment in the banking industry against Christopher Ashton, the former Global Head of Foreign Exchange (FX) Spot Trading at Barclays Bank, in connection with the manipulation of FX pricing benchmarks.
For eight years, Britain’s most vilified banker has kept a low profile. But next week in London’s high court a £520m legal case will force Fred Goodwin into the limelight.
Reuters: Credit Suisse expects to make big profits in the next few years, Chairman Urs Rohner said on Thursday, following back-to-back full-year losses for the Swiss bank.
José Mourinho fielded a side featuring youngsters and appeared to end Manchester United’s final domestic outing with no injuries before Wednesday night’s Europa League final against Ajax in Stockholm.
After deciding to shutter his hedge fund following a slump in returns, former Goldman Sachs trader Leland Lim is in search of some answers.
It has been years since the last major high note in Jon Corzine’s career. In 2011, he faced the ignominy that came with the collapse of the brokerage firm he ran, MF Global, when about $1 billion of customer money temporarily went missing. It ranked as one of the largest Wall Street bankruptcies since Lehman Brothers’.
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George Soros, the hedge fund manager and active supporter of progressive causes added bearish options plays to his portfolio during the first quarter.
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The Bank of England governor, Mark Carney, has fallen victim to an online prankster who got him to joke about one of his predecessor’s supposed drinking habits.
Mizuho Financial Group’s investment bank is targeting a bigger share of global financial bond deals as it seeks more profits overseas and expands its debt capital markets business at home and abroad.
UBS has agreed to buy a majority stake in Consenso Investimentos Ltda., Brazil’s biggest independent multi-family office, becoming the latest Swiss bank to bet on the industry’s growth.