Societe Generale has named Didier Valet as its third deputy chief executive officer, promoting its investment-banking head as the French bank prepares a new business plan.
The world’s eight richest billionaires control the same wealth between them as the poorest half of the globe’s population, according to a charity warning of an ever-increasing and dangerous concentration of wealth.
JPMorgan Chase CEO Jamie Dimon said on Friday he thinks President-elect Donald Trump 's administration will do the right thing for the U.S. He just needs time, Dimon said, according to Reuters.
Wells Fargo is "growing at a slower rate" in the wake of the fake accounts scandal and it could take a bit more time for that expansion to pick up, the company's chief financial officer, John Shrewsberry, told CNBC on Friday.
The UK's largest investment trust has revealed the investment manager that will take charge of running the fund's assets following a fund manager shake-up late last year.
The boss of Monte dei Paschi di Siena is drawing up a new business plan for the troubled lender, with the aim to get it polished off by February.
Improving compliance standards.
US earnings season might be about to prove that not all that glitters is Goldman, as the investment banking titan is predicted to announce a double digit slide in full-year revenues on Wednesday.
Steve Cohen’s Point72 Asset Management returned about 1% in 2016, the second-worst annual performance ever for the billionaire investor, according to people familiar with the returns.
The Securities and Exchange Commission has announced that Citadel Securities LLC has agreed to pay $22.6 million to settle charges that its business unit handling retail customer orders from other brokerage firms made misleading statements to them about the way it priced trades.
Billionaire George Soros lost nearly $1 billion after the stock market rallied following Trump's unexpected election victory, the Journal reports.
Three British traders charged in New York with rigging foreign-exchange rates may struggle to avoid being sent to the U.S., as America’s appetite for extraditing U.K. targets shows no sign of waning, according to lawyers.
If hedge fund investors in 2017 can learn anything from 2016, it's that not all funds are created equal.
Worldwide announced Small-Cap M&A deals valued up to $50 million (including undisclosed value deals) totaled US$163.1 billion in 2016 – a 4.1% increase year-on-year.
Wall Street firms are expected to post the biggest fourth-quarter trading haul since the financial crisis as the U.S. election triggered a frenzy of global markets activity from government bonds to currencies.
It won't be long now, and as usual, many staff will be more concerned about what their peers got (or what their peers think they got) than their own award.
Snap's potential appeal to digital advertisers is one of the main reasons it has a $25 billion valuation right as it approaches its IPO .
The Securities and Exchange Commission has announced that BNY Mellon has agreed to pay a $6.6 million penalty to settle charges stemming from miscalculations of its risk-based capital ratios and risk-weighted assets reported to investors.
Instinet, LLC has announced that it is continuing to strategically grow its U.S. Equity Research and U.S. Equity Research Sales offering with three senior hires.
A bonus classic.
New rules to hold top bosses accountable for wrongdoings on their watch may have weakened the City watchdog's negotiating stance if it tries to swoop in for bumper settlements.
UBS is considering moving investment bankers from London to Madrid as the U.K. prepares for a clean break with the European Union, according to a person with knowledge of the matter.
Credit Suisse has hired Michael Eilert as head of US par loan trading, according to an internal memo from the bank.