Sainsbury’s has dropped PwC as its auditor after 20 years as the accountancy firm faces an investigation into its role in the £263m Tesco accounting scandal.
Goldman Sachs topped quarterly results, but an unexpected bout of volatility hit revenue in its business that trades bonds, currencies and commodities.
At 9:30 a.m. Thursday, trading floors across London erupted.
Currency speculators and global macro hedge funds with large short positions in the Swiss franc are staring massive losses in the face after the Swiss National Bank shocked markets on Thursday by removing a three-year-old cap on the currency.
The brokerage was brought to its knees by the Swiss National Bank's surprise move on the franc Thursday.
Goldman Sachs named A.J. Murphy co-head of leveraged finance in the Americas.
HSBC is investigating reports that customers in Hong Kong bought the Swiss franc below market rates when an online banking system failed to keep up with the currency’s gains after the removal of a cap.
The leadership team of Morgan Stanley's wealth management business has been visiting brokerage offices around the country since last week to reassure advisers and clients in the wake of an alleged data theft by a former employee, people familiar with the matter told Reuters.
Pacific Investment Management Co. will fight a lawsuit by a shareholder of its Pimco Total Return Fund alleging the company gouges investors with excessive advisory fees to support billion-dollar bonuses for top executives.
Morgan Stanley said on Thursday said that it had promoted 151 employees to managing director, down slightly from 2014’s class of 153 managing directors.
Washington’s probe into the alleged rigging of the $13tril US Treasurys market by Wall Street banks has narrowed its focus to a handful of firms — including Goldman Sachs, The New York Post says.
Richard Fuld, the former CEO of Lehman Brothers, is not liable to onetime employees who suffered millions of dollars in losses in company stock as the bank descended into bankruptcy, a federal appeals court has ruled.
Pankil Patel, an electronic trading executive at Credit Suisse, has left the firm, a person familiar with the matter said.