'It's about risk. Risk, efficiency and productivity'.
Morgan Stanley and Goldman Sachs both decided last month that it was worth losing millions of dollars in fees to get credit on a big merger they didn’t work on, four people with knowledge of the matter said.
Goldman Sachs partners exercised more than 4 million options that were awarded at the end of 2008, reaping $175m while cutting their ownership of the firm in recent weeks.
Former Jefferies Managing Director Jesse Litvak was convicted in the only criminal case against an individual in connection with a U.S. program that used bailout funds to spur investment in mortgage-backed securities.
UBS will restart investment banking operations in Brazil as early as this week, sources said, almost five years after the bank sold its highly profitable securities unit there following the global financial crisis.
Ouch! Below the belt ?
I'm a banker, get me out of here!
Bonuses paid to avoid 'death spiral'.
UBS hired bank takeover specialists Tannon Krumpelman and Doug Simons as the firm rebuilds its financial-services practice to cope with a prolonged dealmaking slump in that industry.
Germany ECM activity totals $5.0 billion for YTD 2014, up 55% compared to a year ago