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Barclays poaches 3 more private bankers from UBS

Barclays Wealth, the private banking arm of British bank Barclays , has hired another three bankers from UBS , adding to the 10 who were recruited in August last year.

Citi in talks over $3 billion in car loans: report

Citigroup Inc has held talks with private equity groups and hedge funds over the sale of $3 billion in car loans in a move to clear troubled assets from its balance sheet, according to a report by the Financial Times.

CIT, emerging from bankruptcy, hires Thain as CEO

CIT Group Inc has hired former Merrill Lynch CEO John Thain as its new chief executive, the commercial lender said late on Sunday, wagering that the well-traveled executive can guide its post-bankruptcy turnaround.

Private equity firms brace for tax battle

Private equity firms are again being threatened with higher taxes, as a long-running debate over how to classify their profits again becomes a focus for governments desperate for cash.

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E*Trade cuts trading fees as price war escalates

E*Trade Financial Corp will cut trading fees for low-volume customers, the U.S. online brokers said on Friday, making its move in a pricing war that erupted among rivals in recent weeks.

Goldman CEO, co-execs, get $9 million each in stock bonuses

Goldman Sachs Group Inc on Friday awarded Chief Executive Lloyd Blankfein and other executives stock bonuses worth $9 million each, an increase from last year when they received no bonuses at all, but for Blankfein far below the $67.9 million he got in 2007.

Wall Street cuts losses, closes up with techs, materials

Stocks erased a midday drop to end slightly higher on Friday, closing out a volatile week punctuated by mixed signals from the labor market data and growing anxiety over fiscal problems in Europe.

Goldman CEO Blankfein gets $9 million stock bonus

Goldman Sachs Group Inc on Friday awarded chief executive Lloyd Blankfein and other executives a stock bonus worth almost $9 million, according to a filing with the U.S. Securities and Exchange commission.

JPMorgan CEO Dimon gets $16 million in stock, options

JPMorgan Chase & Co JPM.N>, which reported $11.7 billion in profit in 2009, awarded Chief Executive Jamie Dimon a compensation package worth about $16 million.

JPMorgan awards CEO Dimon $8 million restricted stock

JPMorgan Chase & Co JPM.N> awarded Chief Executive Jamie Dimon restricted stock worth almost $8 million plus a package of 10-year stock options, according to an SEC filing on Friday.

Wells Fargo to poach, train 1,400 brokers this year

Wells Fargo & Co's brokerage expects to add more than 1,400 financial advisers this year through a combination of poaching from rivals and training rookie brokers.

Stock futures turn positive in wake of jobs data

Stock index futures turned positive on Friday after jobs data showed the unemployment rate fell to a five-month low last month, even as employers unexpectedly cut jobs.

Hedge funds, bankruptcy judges spar over disclosure

Hedge funds will defend their coveted secrecy against bankruptcy judges who want more information about their economic interests before granting them an active role in Chapter 11 reorganizations.

Kraft, Berkshire raise $17.5 bln for acquisitions

Food giant Kraft Foods and Warren Buffett's Berkshire Hathaway sold $17.5 billion in debt on Thursday, braving a suddenly weak corporate bond market to finance major acquisitions, market sources said.

Barclays comes to AIG's aid in derivatives deals

Not all the derivative contracts American International Group Inc wrote on complex securities backed by now-toxic mortgages have ended up being a disaster.

Senator Dodd blasts banks at hearing on reforms

The chairman of the U.S. Senate Banking Committee, Christopher Dodd, blasted banks and Wall Street on Thursday for a refusal to work with Congress on financial reforms that borders on insulting to the American people.

Insider trading probe in 2007 led to Galleon

The cooperation of two former hedge fund managers in a 2007 insider trading case led to the arrest of seven traders and lawyers last November in the wide-ranging Galleon prosecutions, a U.S. prosecutor said on Thursday.

Insider trading case of 2007 led to Galleon

Goldman exec backs reforms at Senate hearing

A prominent Goldman Sachs Group executive expressed support on Thursday for some of the many financial regulation reforms being considered by Congress since taxpayers bailed out his firm and others like it.

BofA adds property unit to Asia-Pacific hiring spree

Bank of America has embarked on a major hiring spree across Asia, aiming to expand in the fast growing region and revive the investment banking franchise that Merrill Lynch built before the financial crisis.

Europe assets sell heavily on sovereign debt concerns

Nearly all Europe-related stocks, bonds and exchange traded funds are selling heavily during the morning New York session.

Internet campaign to save Aussie banker's job

An online campaign has started to save the job of an Australian banker who became an internet sensation after he was caught on live television viewing images of scantily-clad supermodel Miranda Kerr on his computer.

Kraft to sell $9.5 billion debt to buy Cadbury: report

Kraft Foods Inc on Thursday launched a 4-part, $9.5 billion debt sale to help finance its acquisition of British confectioner Cadbury, IFR reported.

Borders shares soar 38 percent after Ackman comments

Borders Group Inc shares spiked nearly 40 percent on Wednesday after its largest investor, William Ackman, said there was little likelihood the struggling bookseller would file for bankruptcy and it could even be part of an industry consolidation.

Borders shares soar 40 percent after Ackman comments

Borders Group Inc shares spiked more than 40 percent on Wednesday after its largest investor, William Ackman, said there was little likelihood the struggling bookseller would file for bankruptcy and could even be part of an industry consolidation.