Former Morgan Stanley banker Paul J. Taubman has received $75.5 million compensation in his first year as Chief Executive Officer at PJT Partners Inc. Taubman led the investment bank as a publicly traded company.
Knight Vinke removed a majority of his UBS shares from many investment institutions after his failure in convincing the bank to modify its strategy.
Groupo BTG Pactual SA has been witnessed to tatter due to decrease in asset value it manages. To maintain the cash flow and remain profitable in the slower economy of Brazil, the Sao Paolo based bank has adopted some cost-cutting measures including job and bonus cuts.
Al Glowasky, a veteran investment banker with more than 30 years of investment banking experience in his belt, will be joining Performance Trust Capital Partners as Managing Director in the West Coast region
The impending sale of Woori Investment & Securities Co may spur consolidation in South Korea's local securities industry. Final bids for the brokerage unit are due today.
Credit Suisse's investment bank improved group profit but investors remain concerned about the Swiss bank's future.
French Crédit Agricole and its investment bank unit asked employees to cut costs.
Standard Chartered organized this year's annual conference held in India by bringing African chairmen.
George Foreman is Ziegler's new finance advisor.
Foreign banks recently invested in many local companies pushing the country's merger and acquisitions march forward.
Petrobras is selling off half of its African operations of Petroleo Brasiliero SA.
Investment banking giant JPMorgan Chase (JPM.N) remained at number one after reporting a revenue of $6.9 billion on Wednesday. Four other companies are on JP Morgan Chase's trail, all four of which are currently tied at second place.