Bloomberg News reports that money managers at hedge-fund firms that oversee more than $4 billion earned about $2.4 million this year, an increase of almost 8 percent, according to an industry survey.
The Federal Reserve have asked some currency traders under investigation for foreign-exchange manipulation to waive the deadline for civil actions against them, according to two people with knowledge of the situation.
UBS and Credit Agricole have been deemed by regulators as less important to the global financial system than a year ago and will not have to hold as much extra capital as previously forecast.
PineBridge Investments announced the appointment of John L. Thornton as Non-Executive Chairman.
For the first time in the twelve year history of the UK Charity of the Year initiative at Credit Suisse UK, £1 million has been raised for their 2014 partner, Parkinson’s UK.
'That’s in line with the strategy.'
Adam Smith, a portfolio manager at the now-defunct hedge fund the Galleon Group, always seemed to have a Plan B.
Societe Generale posted third-quarter profit that missed estimates, hurt by an equities trading slump.
Commerzbank's third-quarter net profit tripled to 225 million euros as earnings in its retail and corporate banking units rose and costs for bad loans fell, in a sign that the bank's turnaround plan was gaining traction.
Shifting its businesses into eight entities.
A former Deutsche Bank executive won a London court ruling in a bitter divorce case, clearing him of allegations that he used a tiger conservation charity for his personal benefit.
Cantor Fitzgerald CEO Howard Lutnick gave Haverford College $25m last week, its largest single donation.
JPMorgan Chase CEO Jamie Dimon said he plans to resume travel outside the U.S. after completing eight weeks of treatment for throat cancer.