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Bank bled about $89bn in fourth quarter, including 10% of wealth management assets
Wall Street’s cut-throat rush for elite second-year students creates dysfunctional recruiting process
Members include 23 women and 28 non-whites as David Solomon undertakes reorganisation at Wall Street bank
The dynast, philanthropist and racehorse breeder kept his family bank standing even through the City’s ‘Big Bang’
Scepticism about Michael Klein is being replaced with bonus anticipation
Deal will see up to a quarter of the Swiss bank being owned by Middle Eastern investors
Former Citigroup executive to gain substantial shareholding in CS First Boston
Swiss lender unveiled critical restructuring and investment by the Saudi National Bank
Move to restructure bank likely to be welcomed by rivals hoping to mop up displaced clients
Swiss lender will bring back First Boston brand, carve up investment bank in strategic revamp
Executive to lead new combined wealth and asset management unit seen as crucial to higher valuation
After years lagging US rivals, sector in UK and Europe is starting to take back some ground
Germany’s largest lender benefits from frantic fixed income and currency trading
Investment chief Vincent Mortier says UK pension debacle highlights ‘shadow banking’ risks
World’s biggest wealth manager beats expectations in third quarter
Author of ‘The Tipping Point’ calls on Jamie Dimon to intervene in tug of war for rich customers
Investment bank now needs to play catch-up in finding wealth management clients
David Solomon admits to concerns as he unveils second big restructuring in four years
Chief executive David Solomon pledges stronger focus on wealth management as quarterly profit slides
Plus, the reckoning facing Kirkland’s Hong Kong office and Cevian all but gives up on Vodafone
US bank to shrink from four to three divisions as it merges some businesses
Lender is due to present plans for a radical strategic revamp and swingeing job cuts
Fee income dries up as market conditions prompt pullback in takeovers and new listings
Handling money for the masses remains a bright spot for the biggest groups
Boutique investment bank hopes to compete with traditional consultancies such as Kissinger Associates
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