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.
Financiers and Wall Streeters like to tout their charitable giving. From the Robin Hood Foundation to the Goldman Sachs' charitable ventures, the titans of finance represent one of the most potent forces in philanthropy and give away billions every year.
Austria’s central bank plans to repatriate £3.5bn of its gold reserves currently stored in Britain – amounting to 80% of its entire stocks – after auditors warned against the risks of keeping a majority in a foreign country.
Some of the UK’s most prestigious institutions have slipped in a ranking of the world’s top 100 universities by reputation.
Barclays has kickstarted the sale of parts of its African operations, eyed by its former chief executive Bob Diamond.
Craig Wright, the Australian computer scientist who claims to have created the cryptocurrency bitcoin in 2008 under the pseudonym Satoshi Nakamoto, has promised to provide fresh evidence to back up his claim.