Apollo Global Management has lured a debt analyst from Claren Road Asset Management as the private-equity firm adds to its credit-investing arm, according to three people with knowledge of the move.
JPMorgan said it’s close to completing discussions with the U.S. Justice Department and the Federal Reserve over investigations into foreign-exchange trading.
Barclays will probably be fined for violating a three-year-old settlement over interest-rate rigging, but U.S. prosecutors will stop short of seeking a guilty plea, which they are demanding from UBS, people familiar with the matter said.
Citigroup, the world’s largest currency dealer, closed a program that provided leverage to some foreign-exchange clients without putting them through an extensive credit check.
Despite Mark Zuckerberg's massive fame, many Facebook users may not know everything there is to know about the social media mogul.
Greece’s embattled finance minister, Yanis Varoufakis, stepped up his war of words with eurozone policymakers on Thursday, saying he wished his country still had the drachma, and would not sign up to any bailout plan that would send his country into a “death spiral”.
An £11.5m pay packet for the chief executive of Lloyds Banking Group was waved through by shareholders in the bailed-out bank at an annual meeting punctuated by outbursts from disgruntled customers and concern over the £12bn cost of the PPI scandal.
BP has hired the former head of MI6 as it seeks to capitalise on his top-level diplomatic experience while dealing with some of the toughest political environments around the world.
The average cost of a home in London is on course to breach the £1m level by 2030 as house building struggles to keep pace with a rapidly rising population, a leading consultancy is predicting.
Sad to report.
BMO Financial Group have announced it has entered into a definitive agreement to acquire the business of Greene Holcomb Fisher (“GHF”), a premier boutique M&A advisory firm based in Minneapolis, with additional offices in Seattle and Atlanta. The transaction requires regulatory approval and is expected to close in BMO’s fiscal fourth quarter, which ends on October 31. The terms of the deal are not being disclosed.
Royal Bank of Scotland is being sued for £145m ($208.5m) over its role in a huge carbon trading VAT fraud.
Rothschild has agreed to merge with Compagnie Financiere Martin Maurel to create a private bank with $39bn in assets under management.