Morgan Stanley is asking employees to give up their right to sue the firm in class actions for civil rights violations including discrimination based on race, gender or age, according to a former employee’s lawsuit.
UBS will maintain its presence in Russia even as competitors retreat as it bets that deals will start to recover, according to the bank’s top executive for the country.
Lawyers representing former Deutsche Bank star trader Christian Bittar on Thursday accused the UK watchdog of denying him his right of reply despite publicly 'shaming' him with scant regard to protecting his identity when fining the bank.
JPMorgan is set to pay almost a third of a $1.86bn settlement to resolve accusations that a dozen big banks conspired to limit competition in the credit-default swaps market, according to people briefed on terms of the deal.
Morgan Stanley rewarded Ted Pick for taking the firm’s equity-trading business to the top spot globally and put Dan Simkowitz in charge of spurring growth in its investment-management unit.
The U.S. Department of Labor on Thursday said it granted Credit Suisse an exemption from certain restrictions stemming from its guilty plea to helping Americans evade taxes, effectively allowing the bank to continue to manage $2bn in U.S. retirement money.
The hedge fund industry in much of the world managed a solid recovery from the global financial crisis, with assets under management rising, but in Asia growth has stalled.
Stock market investors, already battered by the worst quarter since the depths of the eurozone crisis, now face a make-or-break England rugby fixture that could wipe billions off share prices.
Betting odds indicate that there is now a 62 per cent probability of a Remain vote in next week's referendum, according to Betfair.
In a historically bad year for hedge funds, one of their close relatives is thriving.
Morgan Stanley’s fixed-income and commodities business is capable of generating $4bn in annual revenue after the firm cut the operation in recent years amid an industrywide slump, Chief Executive Officer James Gorman said.