Wall Street firms have failed to keep up with a stock market that’s boomed for more than five years, losing ground to industries including technology and health care.
Financial analyst Meredith Whitney 's hedge fund firm, Kenbelle Capital, seems to be in trouble a little more than a year after it launched.
The IPO business: This year was huge for IPOs, and 2015 may be even better.
New York Attorney General Eric Schneiderman’s lawsuit accusing Barclays of bilking customers to expand its dark pool was scrutinized by a judge for not naming specific victims of the alleged fraud.
Sad to report.
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And the moral of the story is...
John Waldron, who followed David Solomon from Bear Stearns Cos. to build up Goldman Sachs’s leveraged-finance business, is now joining him atop Wall Street’s leading investment-banking division.
Robert Madsen, one of four whistle-blowers in the federal government’s $16.65bn civil settlement with Bank of America, said keeping secret his cooperation with federal prosecutors for nearly four years had not been easy.
JPMorgan will soon issue a report outlining improved controls it has been enacting in the wake of recent missteps, including its role in the 2008 financial crisis, according to a shareholder activist who has seen a draft.
Goldman Sachs defended its strategy of waiting out the downturn in fixed-income markets, issuing a preemptive strike ahead of first-quarter earnings against those who argue that revenue from the business doesn’t justify the investment.
Britain’s competition regulator has called on the European commission to block the owner of Three’s £10bn acquisition of O2 or force the combined mobile phone operator to break itself up to protect consumers.
Andrea Orcel, head of UBS’s securities unit, said tougher financial regulation and negative interest rates are sapping global confidence as investors question investment banks’ ability to earn money.