Former JPMorgan investment-banking chief James 'Jes' Staley is joining BlueMountain Capital, the $12 billion hedge fund, as a managing partner.
The steady drumbeat of 'you're just lucky to have a job' that played through the recession is finally starting to fade and employees may be getting ready to say, 'I quit!', and bolt for the nearest exit.
Bank of America Tuesday struck deals to settle lending complaints, sell rights to service $300bn of mortgages and repair relations with regulators. For CEO Brian Moynihan, it offers his best chance to rebuild the home lending business.
Two internal candidates have emerged in Legg Mason Inc's search for its next chief executive, said people familiar with the matter.
From John Paulson’s call for a collapse in Europe to Morgan Stanley’s warning that U.S. stocks would decline, Wall Street got little right in its prognosis for the year just ended.
Fannie Mae and Freddie Mac exacerbated the mortgage crisis and that's why the government should get out of the home loan business, former Wells Fargo CEO Richard Kovacevich told CNBC.
Ten banks will now pay $8.5 billion to borrowers for so-called "robo-signing," a fraudulent practice uncovered two years ago that sent the mortgage market into yet another tail-spin.
And as many as 3,000 jobs may have to go.
The scale of the London’s demise has been laid bare by figures that show the number of frontline workers in the banking industry has fallen to an eight-year low.
Houlihan Lokey, the international investment bank, has announced that it has acquired Milestone Advisors, LLC (Milestone), a Washington, D.C.-based independent investment banking firm which provides mergers and acquisitions, corporate finance, and asset valuation and sale advisory services to clients in the financial services industry. The transaction closed on December 31, 2012.