Goldman Sachs tried to poach Thomas Hayes from UBS in 2008 with the promise of a $3m signing bonus, according to documents at a London trial.
HSBC prides itself on its global reach. But the bank may have spread itself too thin.
Deutsche Bank has hired Bank of America’s Blake Hallinan to head global investment-banking coverage for retailers.
CEO Larry Fink said last year that he’d spent 'hundreds of millions of dollars rebooting' BlackRock’s stockpicking business.
Citigroup’s first-quarter gains in trading revenue haven’t continued into the second, which looks to be holding at about the same level as a year earlier, CEO Michael Corbat said.
Amazon is planning on expanding its own Element brand to include food staples such as milk and cereal and other things, Wall Street Journal reports.
The former head of investment banking at UBS personally approved a $2.5m (£1.6m) bonus for the man described as the “ringmaster” of the Libor fraud scandal, a jury heard Thursday.
Dick Fuld, the chief executive who led Lehman Brothers to the largest corporate collapse in modern times, has defended the failed investment bank’s culture, insisting that it was a victim of wider market excesses and regulatory failings in his first public speech since the banking crash of 2008.
Barclays is considering replacing its corporate brokers Credit Suisse and Deutsche Bank as new Chairman John McFarlane starts to review the lender, according to a person with knowledge of the matter.
Deutsche Bank said it may boost the number of its asset and wealth management staff in Asia by 5% to 10% this year as part of the lender’s revamped strategy to boost growth.
UBS is introducing a new organizational structure in its flagship wealth management business in a move which aims to cut costs by hundreds of millions of dollars, according to a memo seen by Reuters.
Goldman Sachs’s Dalinc Ariburnu is leaving the firm and being replaced as co-head of sales for fixed-income, currencies and commodities by Jim Esposito.