Morgan Stanley is looking to reduce its exposure to hedge funds by selling its stake in Lansdowne, according to a WSJ report.
Not far from the Jet d’Eau, the famous Lake Geneva fountain, a huge rooftop sign proudly declared: “HSBC Private Bank”.
For Brady Dougan, it’s been the worst start to a year since he became chief executive officer of Credit Suisse Group AG in 2007.
The trader known as "The Wolfman," who stood behind Rick Santelli in many a CME live shot, laments the closing of the pits-the "Colosseum" for futures traders.
The Department of Justice has a warning for Wall Street in the wake of last week's takedown of an alleged Russian spy ring operating in New York: Foreign intelligence services are actively trying to penetrate the U.S. financial system.
Bill Gross and his family own more than half of the bond fund he runs on behalf of Janus Capital Group Inc., after acquiring their shares through brokerage accounts at Morgan Stanley and Charles Schwab Corp.
HSBC’s Swiss banking arm helped wealthy customers dodge taxes and conceal millions of dollars of assets, doling out bundles of untraceable cash and advising clients on how to circumvent domestic tax authorities, according to a huge cache of leaked secret bank account files.
Thomas Gilbert Jr. is accused of murdering the 70-year-old founder of Wainscott Capital Partners in a dispute over a cut on his monthly allowance.
BNP Paribas has slashed the bonuses for its top executives to reflect the impact of last year’s $8.9bn fine for US sanction violations that almost wiped out its annual profit.
For one oil industry veteran, the dismantling of the Brent oil field in the North Sea prompts mixed feelings. There is gratitude for the livelihood earned from Britain’s post-war energy boom. And relief that it means farewell to “hell on Earth”.
The number of City financiers who took home more than €1m jumped to nearly 3,000 in 2014, with one earning up to €25m that year.
UBS is hiring investment banker Joseph Hershberger from Credit Suisse, where he was a managing director and global head of asset management banking, according to a company memo.
Deutsche Bank’s Paul Achleitner has won support to stay on as the firm’s supervisory board chairman from one of its biggest investors, former Qatar Prime Minister Sheikh Hamad bin Jassim bin Jabr Al Thani.