Sacked Barclays chief executive Antony Jenkins will walk away with about £28m [$43.5m] in cash and shares despite failing to turn around the troubled bank.
A U.S. federal judge on Friday dismissed a lawsuit by former Lehman Brothers employees seeking to hold onetime CEO Richard Fuld liable for their retirement plan losses as the Wall Street bank plunged into its 2008 bankruptcy.
Mariano Gaut, a 20-year Citigroup veteran who most recently served as the bank's co-head of Latin America capital markets origination, has left the firm, two sources familiar with the situation told IFR.
Barclays has hired Reinhard Koester as a managing director covering specialty finance companies in the United States, according to people familiar with the matter who asked not to be identified because the appointment is not yet public.
Houlihan Lokey, the independent merger-advisory firm, filed for an initial public offering as a surge in dealmaking increases demand for boutique banks.
Worldwide announced Small-Cap M&A deals valued up to $50 million (including undisclosed value deals) totaled US$70.8 billion in the first half of 2015 – a 10.8% increase year-on-year.
Barclays’ new chairman John McFarlane has a reputation as a tough guy in the City.
The U.S. Justice Department is preparing cases against former Deutsche Bank employees for Libor manipulation and could bring charges before year’s end, according to two people with knowledge of the situation.
It is late evening and biochemist George Bonaci, 27, is standing in the kitchen of the San Francisco technology hub where he works, casually making the next day’s breakfast and, quite possibly, lunch and dinner too.
Barclays may not pick its next chief executive until early next year, potentially leaving new Chairman John McFarlane in charge for at least eight months.
Banks and stock exchanges are warning clients of difficult, volatile trading conditions in financial markets, flagging the risk of large gaps in pricing of assets when Britain votes next week on European Union membership.
It's not easy leaving an empire and trying to build another one, but Janus Capital Lead Portfolio Manager Bill Gross said it's something he had to do.