Discover your dream Career
For Recruiters

Thursday's Headlines: Wall Street's Finding Ways to Make Money Despite Curbs on Risk

Despite new rules aimed at slowing high-risk trading, Wall Street firms are seeing healthy returns from principal transactions such as equity stakes and takeovers. [FT]

New York's wages rose by 12 percent, reflecting a rebound on Wall Street. [NY Times]

Barclays is having no trouble when it comes to attracting top bankers, and has set aside 1.6bn to cover bonuses, despite tighter rules on payouts. [Independent]

Lloyds Group will eliminate 420 jobs as a result of its closure of its personal finance operation to new customers. [Bloomberg]

Tudor's equities division will launch an energy asset management business. [Financial News]

Royal Bank of Canada continues to expand beyond Canada, doubling the size of its Hong Kong trading floor. [WSJ]

author-card-avatar
AUTHORScott Krady Insider Comment

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.