UBS Plans Fresh Cuts Amid Credit Suisse Integration: Report
UBS is gearing up for another wave of job cuts as the Swiss banking giant continues to streamline its workforce after acquiring Credit Suisse.
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Jefferies Seeks to Collect a Break-Up Fee Written Into a Formal Offer
In a legal dispute, a prominent Wall Street institution incorporated a $4 million break-up fee into a formal offer, which it later sought to enforce.
Jamie Dimon Confronted Bill Gates After the Microsoft Founder Said Banks Were Dinosaurs
In the mid 1990's Jamie Dimon confronted Bill Gates after he said banks were dinosaurs: ‘Obviously he was dead wrong, he’d probably agree with that’.
Wealth Management Sector Still Feeling the Collapse of First Republic Bank
Over a year has passed since the collapse of First Republic Bank, an event whose repercussions are still resonating within the wealth mgmt. sector.
Exclusive-Software Vendor Envestnet Explores Sale After Receiving Takeover Interest
Envestnet, a U.S. software vendor with a market value of about $3.5B is exploring options that could include a sale after receiving takeover interest.
Bank of America Profits Drop as Key Lending Revenue Weakens
BOA said that first-quarter profits dropped 18% from a year ago as a key revenue source weakened.
Wall Street Surge Lifts Morgan Stanley and New CEO Ted Pick
Profits rose at Morgan Stanley during the first quarter as the Wall Street giant benefited from pickups in investment banking, trading and asset mgmt.
