Widespread expectations of a coming U.S. economic boom are forcing bond fund managers to dust off their playbooks to combat a nemesis they have not had to worry about for more than a decade: inflation.
Goldman Sachs Group Inc's CEO responded to complaints from junior bankers by saying management is going to work harder to give them Saturdays off and to shift bankers from other divisions to the busiest teams in the investment bank, according to a transcript of a call seen by Reuters on Monday.
The market for bonds that are linked to companies meeting certain environmental goals could grow 20-fold this year to between $120 billion and $150 billion, a senior JP Morgan banker said, as businesses look to tap into booming demand.
Barclays has expanded its private banking business to France and Italy as it seeks to grow its European wealth business in the wake of Britain's exit from the European Union.
A former Federal Reserve employee pleaded guilty to stealing dozens of restricted documents, including bank stress test data, after he decided to leave the board following a poor performance review, U.S. prosecutors said on Friday.
Morgan Stanley's political action committee (PAC) resumed donations to lawmakers in February, weeks after it had announced a pause following the Capitol riots, according to a federal filing.
As Goldman Sachs Group Inc cashes in on a boom in market activity, a group of first-year analysts have warned senior management that they are overworked and will quit within six months unless conditions improve, according to an internal survey circulated online.
Bank of New York Mellon Corp has invested in Fireblocks, a platform that allows banks and other financial institutes to store, move and issue cryptocurrencies, as the world's largest custodian bank deepens its focus on digital assets.
Credit Suisse Chief Executive Thomas Gottstein earned less than predecessor Tidjane Thiam in his first year in the role, the bank's annual report showed on Thursday, as the bank was hit in 2020 by a slew of legal and impairment headaches and as bonuses were also impacted by higher anticipated credit losses.
Morgan Stanley has become the first big U.S. bank to offer its wealth management clients access to bitcoin funds, CNBC reported on Wednesday.
When Saudi journalist Jamal Khashoggi was killed in 2018, London-based hedge fund manager Dominic Armstrong bet investors would be turned off and the kingdom's debt would take a beating.