Credit Suisse reported third-quarter profit that missed analyst estimates because of a loss in the investment bank and a bigger-than-expected drop in private banking and wealth management.
The boutique investment bank Perella Weinberg Partners sued four of its former partners on Tuesday, formally accusing them of trying to form a rival corporate restructuring shop while still employed by the firm.
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JPMorgan Chase is close to selling a majority stake in Highbridge Capital Management LLC to the executives who run the $22bn private-equity business, a person with direct knowledge of the matter said.
Barclays' leading candidate for chief executive officer, Jes Staley, is being interviewed Tuesday by U.K. regulators in the final hurdle to his appointment, according to two people with knowledge of the situation.
The refocusing of the Credit Suisse necessitates changes to the leadership structure resulting in a new composition of the executive team.
More victims of the Bernard Madoff Ponzi scheme could be made whole under a motion filed in U.S. Bankruptcy Court in New York Tuesday.
GlaxoSmithKline and five other major drugmakers have teamed up with the UK government to launch the world’s first venture capital fund dedicated to finding new ways to prevent and treat dementia.
Barclays appears to be considering ways to defy the strict separation of its high street operations from its investment bank, in a move likely to inflame the debate over whether rules designed to prevent a second banking crisis are being watered down.