Here's the heartwarming story of a Goldman Sachs high-yield bond trader named Tom Malafronte, who bought bonds when customers were selling them, and sold them when customers were buying, and made $100m between January and June.
To the thousands of traders and salespeople who’ve lost their jobs since the financial crisis, Wall Street has a message: We’re doing OK without you.
The human touch isn't required. Soon we’ll all be robots.
Credit Suisse is reducing some jobs at its cash-equities business, a person with knowledge of the matter said, as the bank extends cuts to an area it previously earmarked for growth.
Diego De Giorgi has become sole head of global investment banking at Bank of America Merrill Lynch as his previous co-head Karim Assef takes on a chairman role, according to a memo seen by Reuters on Wednesday.
Barclays CEO Jes Staley cast a positive light on the progress he’s making in his turnaround program, as he reiterated his commitment to shedding lower-priority assets to bolster returns.
Mizuho Financial, the bank that added dozens of stock analysts and salesmen in the past year, is seeking to loosen Nomura’s stranglehold on the nation’s potentially lucrative yet elusive retail brokerage business.
It's been a month since the first mention of reports that Deutsche Bank would have to stump up $14 billion to settle with the U.S. Department of Justice (DOJ).
JPMorgan is in talks to sell its stake in a Chinese investment-banking joint venture, a sign that foreign banks are getting frustrated with partnerships they can’t control.
A new set of proposals aimed at banks operating in the EU could potentially hit Wall Street banks and add pressure on balance sheets.
The UK’s vote for Brexit, Donald Trump’s US election win and a slowdown in Chinese economic growth are combining to create significant risks for the global banking sector, a leading ratings agency warned on Wednesday.