Morgan Stanley has extended the Wall Street winning streak, handily beating expectations in the third quarter and pulling in a profit rise of 62 per cent year-on-year.
One of Wall Street’s brightest stars of the last decade is taking it on the chin this year.
Credit Suisse is starting two hedge funds focused on quantitative strategies as part of a broader effort to build the bank’s asset management unit, according to a person with knowledge of the matter.
Britain’s banks face a ban on restrictive contract clauses and misuse of league tables in pitches to clients, in an attempt by the U.K.’s financial regulator to shake-up competition in investment and corporate banking.
Massachusetts became the latest state to penalize Wells Fargo over its bogus accounts scandal by pulling the bank from a list of approved bond underwriters.
The Securities and Exchange Commission has announced that Israeli-based Bank Leumi has agreed to pay $1.6m and admit wrongdoing to settle charges that it provided investment advice and induced securities transactions for U.S. customers for more than a decade without registering as an investment adviser or broker-dealer as required under U.S. securities laws.
China’s economy is showing signs of stability after the nation’s government reported growth at an annual rate of 6.7 per cent in the last quarter.
A City banker died following major heart surgery at a private London hospital after a vital piece of equipment was switched off for 19 hours, an inquest heard.
Britain’s jobs market has continued to brush off the Brexit vote after a rise in employment in August to a joint record high.
Morgan Stanley could do little but watch as a team of advisers overseeing $2.2bn in assets quit last month to start their own shop, the latest in a string of departures that have shifted billions of dollars in assets away from big Wall Street banks.
Since 2010, when the coalition embarked on austerity, one profession has turned cuts to the public sector into a business opportunity: management consultants.
A former senior Barclays executive will take the bank to an employment tribunal next month, as he brings an unfair dismissal claim against his former boss.
Germany would welcome a smaller Deutsche Bank as a way to reduce the lender’s capital requirements, three government officials said.
New York state has paid hedge fund managers $1 billion in fees during the past eight years with little to show for it, officials charged on Monday.
Completed distressed debt and bankruptcy restructuring activity totaled US$168.4 billion during the first nine months of 2016, a 67% increase from the same period last year.
'Shark Tank' judge and CEO Robert Herjavec shares a mental trick to gauge your career path.
'Whatever you do, my friend, don’t retire by accident'.
Banks could start making decisions to move assets out of the UK as early as the end of 2017 if there is no deal in place to maintain their rights to sell services freely across the European Union, a leading thinktank has warned.
Bank of America on Monday reported third-quarter earnings that beat on both the top and bottom line, the first rise in profit in three quarters helped by strong bond trading revenue. Shares rose in premarket trade.
London is still exerting its magnetic pull.
The San Francisco-based lender is no longer accredited, making it possibly the biggest business ever to fall into that category.
Top European central bankers have warned against politicians interfering in monetary policy, amid intense scrutiny of Mark Carney’s interest-rate strategy following the Brexit vote.