And it was a reduction in pay on 2017!
JP Morgan’s head of M&A and corporate finance in Germany and Austria, Christoph Seidel, is leaving the bank to join investment banking boutique PJT Partners, people close to the matter said on Friday.
JPMorgan Chase is pulling its agricultural commodity brokers from the options floor in Chicago amid a shift to electronic trading.
A “tough legal setup” for Goldman Sachs in the 1MDB case may result in fines of as much as $9 billion, Citi analysts Keith Horowitz and Eileen Shao wrote in a note.
Square co-founder Tristan O'Tierney has died after a struggle with addiction. O'Tierney built the first Square iPhone app and left the company in 2013.
Barclays’ former chief executive has defended a 2008 Qatari investment as key to the bank’s global ambitions but distanced himself from negotiations that led to a complex agreement that is at the heart of a criminal trial.
JPMorgan Chase on Wednesday named half a dozen people to a commercial banking team in Europe and new international and Asia-Pacific regional leaders, as the U.S. bank closes in on business clients it hopes to poach from rivals abroad.
The end of 2018 proved to be a rough one for Wall Street. Goldman Sachs just showed how bad it got.
Bank of America is dumping the Merrill Lynch and U.S. Trust brands
Deutsche Bank has hired Bank of America Corp’s Robert Innocentin as a managing director within its financial sponsors group, according to a memo seen by Reuters on Monday.
In 1844, 23-year-old Henry Lehman, the son of a cattle merchant, emigrated to the United States from the town of Rimpar, in the German state of Bavaria. He settled in Montgomery, Alabama, where he opened a dry goods store, 'H. Lehman'. In 1847, following the arrival of Emanuel Lehman, the Firm became 'H. Lehman and Bro'. With the arrival of their youngest brother, Mayer Lehman, in 1850, the Firm changed its name again and 'Lehman Brothers' was founded.
A former Swiss banker was sentenced to 10 years in prison for his role in a plot to launder $1.2 billion stolen from Venezuela’s state-owned oil producer, but the judge said she may reduce his term if prosecutors are satisfied with his cooperation.
So how are most traders feeling at the moment ?
Here's our best estimates of when 2018 bonuses are likely to be announced / paid.
Here's a trip down memory lane. The text of a memo sent to investment banking support staff over at DLJ in 1994.
HSBC remains atop SNL Financial's ranking of Europe's 50 largest banks by total assets for the third successive year, although its position was distorted by the fall in the euro against the dollar and other major currencies.
Here's a note of 13 of the worst recessions / depressions in US history.
Many of you will already have had one of these from your firm. If you haven't, expect something similar sometime soon.
Here is a list of 10 valuable and collectable old toys that could make you some money.
Now this is a real classic.
Jefferies Group has hired real estate investment bankers Jeffrey Altman and Greg Rinsky from Houlihan Lokey, according to people with knowledge of the matter.
A U.S. judge on Monday acquitted a former top foreign exchange trader at Barclays accused of illegally trading ahead of an $8 billion transaction for Hewlett-Packard Co, without letting the case go to a jury.
A group of powerful HSBC shareholders have written to the bank’s CEO, John Flint, urging him to close a loophole in its energy policy that allows the lender to bankroll coal projects in certain emerging markets.