Goldman Sachs must pay $7.6m to two Los Angeles brokers who said the company wrongfully terminated them, a securities arbitration panel ruled.
HSBC has parted with its head of foreign exchange trading for Europe, Middle East and Africa, Stuart Scott, a source with knowledge of the decision said on Wednesday.
UBS aims to triple the assets that its U.S. wealth management clients keep in fee-based accounts within seven to 10 years, a top executive said on Tuesday.
A Bank of England policymaker has argued that pay growth may be at a “turning point”, strengthening the case for higher interest rates.
A group of foreign-exchange traders plan to challenge findings by Britain’s financial regulator in the currency-rigging probe because they weren’t given a right to respond, two people with knowledge of the matter said.
Mark Cuban, once the target of a big U.S. insider trading probe, met publicly with Christopher Cox, the former SEC chairman, for the first time.
The management of Standard Chartered is facing renewed pressure after being placed under fresh scrutiny by US regulators.
The fourth-quarter will be "marginally profitable" after the charges.
Bank of America said it expects trading revenue to decline this quarter from the previous three months and a year earlier.
Senior investment bankers Zubaid Ahmad and Brad Coleman will be leading a new group at Citigroup focused on better serving clients that are private equity firms, hedge funds and sovereign wealth funds, according to a memo seen by Reuters on Wednesday.
Businesswoman Sarah Garrett co-founded diversity events and publishing company Square Peg Media and is the driving force behind the British LGBT Awards.