A $5.6bn hedge-fund unit of UBS hired former Credit Suisse corporate-debt trader Nathan Bohn as it expands its credit group.
Credit Suisse Group is a world-leading financial services company, advising clients in all aspects of finance, around the world, around the clock.
Credit Suisse’s decision to exit the commodities-trading business will probably result in about half of the unit’s 80 workers globally being cut, people briefed on the matter said.
'The trust in senior management has been suffering for a long time'.
It ain't over yet.
Bank of America’s Merrill Lynch unit said it hired Rahul Srinivasan and Itay Singer from Credit Suisse for its European leveraged finance unit in London.
Credit Suisse is poised to report its biggest quarterly loss since the collapse of Lehman Brothers after being fined $2.6bn for helping American clients evade taxes.
UBS cemented its lead over Bank of America as the world's largest private bank and is within striking distance of managing $2tril on behalf of the wealthy, according to a study on Thursday.
Credit Suisse bought $3.7bn of U.S. mortgage securities in the largest auction of its type since at least 2010, according to a person with knowledge of the offering.
Goldman Sachs has hired London-based oil marketer Roy Golender as vice president of energy sales from Barclays, a company spokesman said on Wednesday.
Bank of New York Mellon shareholders are rolling out the welcome mat for Nelson Peltz.
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.
Goldman Sachs CEO Lloyd Blankfein might yet start a trend - more Wall Street CEOs could start sporting beards. Here's what they might look like:
Here's a trip down memory lane. The text of a memo sent to investment banking support staff over at DLJ in 1994.
UBS is considering buying a wealth-management firm in Brazil as it seeks to expand that business sevenfold by 2020, said Sylvia Coutinho, chief executive officer of the lender’s Brazil unit.
Here's the latest on the 'Movers & Shakers' front.
The largest global investment banks face further cost reductions, like the job cuts JPMorgan began this month, after a drop in first-half expenses failed to match a decline in revenue.
We looked at 10 bosses of some of the world's largest banks and rated them on 5 key criteria in terms of their effectiveness.
Hot on the heels of the announcement that JPMorgan has spurned Canary Wharf and has chosen the 'Square Mile' for its new European HQ (St Alphage House in London Wall), most of the interest centres around the fact that, of the 1 million square feet that makes up the new building, there will be four giant trading floors of some 72,000 square feet each.
It's tough at the top.