Zach Barratt, a high-yield debt trader at Bank of America, left the bank to join Apollo Global Management’s credit business, according to two people with knowledge of the move.
The trial of a former Goldman Sachs programmer charged with stealing the investment bank’s high-speed trading code took a bizarre twist on Wednesday.
As stocks have risen over the past few years, "Dr. Doom" Marc Faber has become increasingly bearish.
Russia's central bank dramatically cut interest rates by 150 basis points to 12.5 percent Thursday, and signaled that it is likely to cut rates further soon.
Navinder Singh Sarao, the 36-year-old British futures trader charged with contributing to a sudden plunge in American stock markets, has not met the conditions of his bail, his lawyer said Wednesday in a London court. He has remained in custody since his arrest on April 21.
Royal Bank of Scotland has plunged to a loss in the first three months of the year, weighted down by £856m of conduct and litigation charges.
BNP Paribas posted better-than-expected 17.5 percent growth in first-quarter net income on Thursday as the French bank saw a long-awaited revival in euro zone loan demand.
Libya's attempt to sue Goldman Sachs for losing the state’s wealth fund more than $1bn during the Gaddafi era has been dealt a severe setback, after lawyers walked away from the case.
IAG, the parent company of British Airways, has recorded a first-quarter profit for the first time, helped by lower fuel costs and a strong performance in North America.
“Transitory factors” are to blame for the recent slowdown on the US economy, the Federal Reserve said on Wednesday.
Shari Noonan has resigned as a senior executive in Deutsche Bank's equities-trading department, according to a person familiar with the matter.
Citigroup, Bank of America and Comerica should move faster to restructure, including selling more assets, to catch up with competitors that are generating better returns, CLSA’s Mike Mayo said.
A currency trader from the Cartel chatroom -- the instant-messaging group the U.S. government named in wringing guilty pleas from five global banks - has been helping prosecutors who are trying to build foreign-exchange manipulation cases against individuals, according to two people familiar with the matter.