The trader was in deep trouble. A millennial who had only recently been allowed to set foot on a Wall Street floor, he made bad bets, and in a panic to recoup his losses, he’d blown through risk limits, losing $4.9m in a single afternoon.
Bank of America is one of the largest fully integrated financial services companies in the world.
Bank of America Merrill Lynch has appointed Philippe Chryssicopoulos as its head of power, utilities and renewables investment banking for Europe, Middle East and Africa, according to a memo seen by Reuters.
Bank of America has persuaded a judge to remove from the public record a claim by an employee that she was offered $500,000 to settle a case alleging her boss ran a “bro’s club” that favoured male employees.
Mary Ann Deignan, co-head of global equity capital markets at Bank of America is leaving the firm to join Lazard, according to people familiar with the matter.
Bank of America has dodged a $1.3bn (£990m) fine, after a US court decided to drop the issue.
Bank of America cancelled an investor trip to Venezuela planned for next month because of security reasons, making it the second bank to do so in a span of weeks amid rising social tensions in the nation.
The British banker accused of murdering of two women, one found in a suitcase on the balcony of his luxury Hong Kong apartment and the other inside with neck and buttock wounds, attended a pre-trial hearing on Thursday ahead of his October trial.
Bank of America got called out by Wall Street’s top regulator for not adequately explaining why Chief Operating Officer Thomas Montag and other executives received millions of dollars for 2015.
Bank of America has hired Izumi Devalier from HSBC as its chief economist for Japan, according to an internal memo obtained by Bloomberg.
Bank of America said its businesses and results could be adversely affected and it may have to incur additional costs if Britain's exit from the European Union limits the ability of its UK entities to conduct business in the bloc.
Bank of America has named Mark Davies and Brian Weinstein as co-heads of emerging-market fixed income, currencies and commodities trading.
UBS named Brian Hull as chief of its client-advisory group in the Americas as Robert Mulholland departs.
The Oracle of Omaha sees a bright future for Brian Moynihan.
'This situation of cover up and lying isn’t acceptable'.
Former Bank of America Corp managing director Johnny Williams is joining UBS AG as vice chairman for the Americas, according to a memo obtained by Reuters.
Bank of America’s Bryan Weadock is stepping down from his role as co-head of global fixed-income sales to take personal leave, joining a growing number of senior Wall Street bond executives moving on amid an industrywide slump.
Bank of America Merrill Lynch said Burri Rao-Kathi, its head of Americas equity-linked capital markets, has decided to leave the company and named Shiv Vasisht in the role.
Bank of America has hired former Credit Suisse executive Pankil Patel to lead electronic trading services in the Americas, according to a person with knowledge of the matter.
HSBC has hired Lilia Karboub from Deutsche Bank to trade credit-derivatives indexes in London, according to two people familiar with the matter.
HSBC has named former UBS banker Andre Cronje as chief operating officer for its global banking and markets division, according to an internal memo seen by Reuters on Tuesday.
Michael Findlay, Bank of America’s co-head of investment banking for the U.K. and Ireland, is planning to leave the bank to pursue a career outside of the industry, the firm said Friday.
Citigroup said third-quarter markets revenue will be up in the “mid single digits” range from a year earlier, led by rates and currencies trading.
Adam Sokoloff, who formerly led Jefferies Group’s financial sponsor advisory business, joined Carlyle Group as an executive in its private equity group.