Sad to report.
At many banks the decline in senior appointments reflects job cuts across the board.
A London broker who said he was bullied at BGC Partners lost his lawsuit against the company as a judge ruled he gave at least as good as he got on a trading floor that was rife with insults and abuse.
Tony West, the associate attorney general who brokered nearly $37 billion in U.S. government financial settlements with Wall Street banks over the mortgage-fraud issues that helped spark the financial crisis, says an unexpected phone call from Jamie Dimon in 2013 proved a key moment in the process.
Business education will be modular. Students will pick and choose online from the best professors and universities to construct a degree of choice.
Record low volatility across equity and debt markets could ease next year, boosting Wall Street firms’ trading operations, JPMorgan Chase Chief Financial Officer Marianne Lake said.
Alibaba's desire to keep tight control over its $21.1bn share sale has left a vacuum at the helm of its banking syndicate, leading underwriters to take unusual steps to manage the offering, according to sources familiar with the situation.
'A little hoarse and raspy'.
Revenue at Credit Suisse's investment bank rose in the last two months compared with the same period a year before, the bank's finance chief said on Tuesday.
Two top City regulators were lambasted by MPs on Tuesday for failing to respond to requests for information, with the warning that parliamentarians were "fed up" with their attitude.
Growing anxiety about whether banks can withstand continued low interest rates and fears of a re-run of the 2008 financial crisis continued to stalk markets when shares fell to a three-year low and bank shares remained volatile.
Consigned to history.
Deutsche Bank's share price fell below its 2009 low today, after the German lender moved to reassure both staff and investors that it was "absolutely rock solid".