Goldman Sachs hired traders from Glencore and hedge fund Moore Capital Management as the bank seeks to rebuild its bulk commodities team following a string of departures, according to people familiar with the situation.
Frank Troise is heading back to Investment Technology Group with a mission: Clean up the mess that led to a record fine and a 40% slide in the broker’s share price.
HSBC, which has threatened to move its headquarters out of the UK amid concerns over excessive tax, is eyeing the US as a serious alternative to its traditional home of Hong Kong, according to reports.
The U.S. dropped insider-trading charges against Michael Steinberg, a former fund manager at SAC Capital Advisors who was convicted by a federal jury, in the latest fallout from a major appeals court ruling that made such prosecutions more difficult.
Barclays Chairman John McFarlane said some observers of the lender have 'jumped to conclusions' about the firm’s strategy if former senior JPMorgan banker Jes Staley becomes chief executive officer.
Credit Suisse no longer wants to act as a market maker for European government bonds, the bank said.
A former trader in Rabobank's Tokyo office testified on Thursday against two former colleagues, citing a 'culture' among the bank's traders of manipulating Libor to benefit their own trading positions.
The U.S. request to extradite London-based trader Navinder Sarao, accused of helping to spark the 2010 Wall Street 'flash crash', is 'false and misleading' because it misrepresented the way markets work, his lawyer said on Thursday.
From time to time, it's especially good to be Jeff Bezos.
Bullish positions in gold and volatility and short bets on China and emerging markets were some of the trades that benefited hedge funds on Friday.
The European Central Bank has fanned fears that London could lose its status as Europe’s financial capital after warning that the Brexit vote might sever the City’s trade relationship with the EU.
Goldman Sachs was one of the big backers of the failed campaign to stay in the EU but some of its bankers might just be relieved the UK voted for Brexit next week.