Cost-cutting, lay-offs and moves to lower cost locations.
Bank of America’s cybersecurity team can spend as much as needed to protect the firm and its customers, Chief Executive Officer Brian T. Moynihan said.
Bank of America’s Tim Watson, hired in 2010 to oversee Canadian energy and power investment banking, has left the firm, according to a person familiar with the move.
Antony Jenkins, Barclays CEO, rebutted claims by the NY Attorney General that the bank is not co-operating with its dark pools investigation.
Goldman Sachs has been on a shopping spree with its own money, snapping up apartments in Spain, a mall in Utah and a European ink company, all of which the bank hopes eventually to sell for a profit.
Hedge fund manager Zach Schreiber stood on stage at Avery Fisher Hall in New York eight months ago and made a bold prediction.
Retail currency broker FXCM said that it will raise margin requirements globally on forex instruments, as well as gold in its overseas jurisdictions.
Worldwide announced Mid-Market M&A deals valued up to $500 million (including undisclosed value deals) totaled US$920.2 billion for the full year 2014, a 24.1% increase year-on-year.
Uber has raised a further $1.6bn from investors as the car-hailing service accelerates its plans for global domination.
Four of the 17 members of the Federal Open Market Committee have publicly indicated their disagreement with the dovish guidance in last week's policy statement.
3 steps to break up the bank.
Deutsche Bank's finance chief said the first two months of 2016 were the worst start to a year for banks in general that he has seen in his banking career.