Citigroup's David Bailin, chief investment officer (CIO) at the global wealth division, will leave on May 15 after 15 years at the bank.
SEC has imposed fines totaling $200,000 on five registered investment advisor (RIA) firms for presenting hypothetical investment results.
The combination of strong US growth and sticky inflation raises the odds the Fed hikes rather than cuts interest rates says UBS Group AG strategists.
Profits at Goldman Sachs (GS) rose 28% in the first quarter as investment banking revenues surged, giving CEO David Solomon some needed momentum.