Gutfreund was renowned for selling the first mortgage-backed bonds at Salomon Brothers.
A shareholder vote will held be later this month to approve the Tullett Prebon acquisition of ICAP’s voice broking business.
Derivatives income declined a significant 76% as pre-tax profit decreased 8% in 2015.
Survey conducted by PwC shows top banks are significantly increasing investments in market surveillance over the next 12-18 months.
Head of US treasury trading and a junior treasury trader at JP Morgan sacked due to breaching control procedures.
Citi’s Jerome Kemp says clearing brokers must accept the new reality facing them and adopt radical changes to their models.