It’s the smallest division at Goldman Sachs and usually the last one investors ask about. It generated only half as much revenue in 2014 as the rival business at JPMorgan.
Senior bankers will be presumed guilty until proven innocent under strict new rules proposed by British regulators seeking to hold individuals accountable for bank failures.
Standard Chartered paid top managers $36.6m in 2014, a 23% decline, after executive directors relinquished bonuses because of the U.K. bank’s poor performance.
The new managers of the Pimco Total Return Fund have been trumping former boss Bill Gross since he left the world’s largest bond fund, boosted by an opposing bet tied to short-term U.S. interest rates.
"Flash Boys" author Michael Lewis' recent assertions of stock market rigging are "a big lie," former regulator Bart Chilton said.
Jefferies Group, the investment bank run by Richard Handler, said fixed-income revenue dropped 56% to $126m in the first quarter amid fewer high-yield bond offerings.
A single bad currency bet has caused Everest Capital, one of the largest private investors in emerging markets, to collapse.
Elton John has called for a boycott of the designer label Dolce and Gabbana in a row over children born through in-vitro fertilization treatment.
Standard Chartered’s departing chief executive, Peter Sands, was paid $5.1m (£3.5m) last year despite opting not to take a bonus under the bank’s long-term share plan because of its poor financial performance.
A hedge fund manager who warned about the last financial crisis is seeing parallels of that run-up in the market today.
The International Monetary Fund will sound a fresh alarm over the state of the global economy this week when it reveals its latest forecasts for growth against the backdrop of slower world trade and jittery financial markets.
Jonathan Mathew, one of the ex-Barclays employees accused of manipulating a key benchmark interest rate, is on trial merely for following the orders of a bullying boss, according to his lawyer.
Citigroup's head of equities, Derek Bandeen, is retiring, according to a memo reviewed by Reuters.