UBS appointed Chris Hagstrom and Mike Pasquale co-heads of Americas equities distribution as the bank looks to regain market share in global stock trading.
Following weeks of stock market turmoil, China has confounded expectations that its economic growth would slow further in the second quarter, with gross domestic product rising by 7%.
JPMorgan Chase's earnings conference call concluded in unexpected fashion.
The former HSBC boss Lord Green has admitted the bank should have made more stringent checks before buying its Swiss private banking arm, as he apologised for failures at the disgraced UK-based bank.
A much-anticipated economic speech from Hillary Clinton has left Wall Street so far with little to worry about, Politico's Ben White says.
Lloyds Bank is to “derecognise” its biggest union, which represents more than 25,000 staff, in a remarkable breakdown in industrial relations at Britain’s biggest retail bank.
The Securities and Exchange Commission has charged OZ Management LP with providing inaccurate trade data to four prime brokers, causing inaccuracies in the brokers’ books and records and in data provided to the SEC in investigations.
After four weeks of extreme volatility in Chinese stock markets and the threat of Greece being pushed out of the euro zone, asset managers took fright and hiked their cash holdings to levels not seen since the collapse of Lehman Brothers.
'Straight to Hell', the new book from @GSElevator mastermind John LeFevre, offers a 'naked look' at global finance, says Turney Duff.
Getting paid to manage money may soon be less restrictive at BlackRock than at JPMorgan Chase under a U.S. proposal that could make it harder for Wall Street banks to compete for talent.
Two more bankers joined a list of currency traders suing their employers in London following $10 billion in fines dished out by regulators in the wake of the foreign-exchange scandal.
Deutsche Bank, which runs Europe’s biggest investment bank, remains 'unreservedly' committed to its securities-trading business even as it trims its focus to about a third of customers at the unit, said co-CEO John Cryan.