Hedge funds are facing the most challenging time Tiger Management’s Julian Robertson said he’s seen in an investing career spanning several decades, and the industry pioneer cautioned that their days of charging hefty fees may be over.
Joe Baratta, Blackstone’s top private equity dealmaker, can’t be too cautious right now.
Deutsche Bank promoted Ashley Wilson to a newly created role overseeing stock trading for Europe, the Middle East and Africa, reshuffling an equities business it’s trying to build as it shrinks in other areas.
The German government has denied it is considering injecting billions of euros into beleaguered Deutsche Bank, following reports from a German newspaper it was preparing an emergency rescue package.
Wells Fargo’s CEO John Stumpf, struggling to quell a scandal and demands for management accountability, plans to offer House lawmakers the same apology he gave Senators last week.
The market for initial public offerings has had a year it would rather forget as it tried to deal with global political uncertainty, but a new report estimates that a strong bounce-back in activity is expected in 2017.
'Being very tough on the 2016 bonus pool and requiring the forfeiture of unvested shares could be helpful'.
'And if they stink, I don't want the son-of-a-bitch around me'.
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.
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.
Since 2010, when the coalition embarked on austerity, one profession has turned cuts to the public sector into a business opportunity: management consultants.
Billionaires are shunning the London luxury property market, with sales of “super prime” £10m-plus homes in the capital collapsing by 86% over the past year.