The Wealth-X list of 10 richest billionaires under 40
There aren't many people whose earnings can make the $690 million that Blackstone CEO Steve Schwarzman raked in last year look low.
That's 4 out of every 5 positions!
Citigroup is set to make a round of redundancies within its markets and securities business in the Europe, Middle East and Africa region, according to an internal memo sent to staff Tuesday and seen by IFR.
The former UBS banker whose cooperation with the U.S. helped expose tax evasion by thousands of Americans says the bank used similar practices elsewhere and he’s eager to help European governments.
Barclays CEO Antony Jenkins’s patience is being tested by the investment bank.
The Bank of England remained on collision course with Europe over the bonus cap as a consultation was launched that would rule out the use of top-up payments to side step the clampdown on City pay.
Bank of America’s Scott Bacigalupo, head of Americas cash equity sales and trading, has become the second senior Merrill Lynch stocks veteran to depart the firm in a week.
Peter Sands, the outgoing chief executive of Standard Chartered, is waiving his bonus for 2014 after the bank reported a 30% fall in profits and embarked on further cost-cutting measures.
Tullett Prebon, the interdealer broker, has said it has made 200 people redundant on the back of difficult market conditions and falling profits.
UBS is introducing a new organizational structure in its flagship wealth management business in a move which aims to cut costs by hundreds of millions of dollars, according to a memo seen by Reuters.
Goldman Sachs’s Dalinc Ariburnu is leaving the firm and being replaced as co-head of sales for fixed-income, currencies and commodities by Jim Esposito.