Bank of America, JP Morgan and Morgan Stanley have all received multi-million dollar fines for activities relating to off channel communication on personal devices.
The banks reported a 61% and 55% fall in investment banking revenues, respectively.
Incoming CTO joins Horizon Software from rival trading systems vendor Itiviti, recently acquired by Broadridge.
Venue will launch for loans first, with a collateralised loan obligations (CLO) trading venue to follow and with plans to expand to other products in the credit market later.
Industry experts from DTCC, Loomis Sayles and Morgan Stanley discuss the acceleration of settlement cycles to T+1 and how firms can prepare.
Revenues at Goldman Sachs, Morgan Stanley, and Citi soared on the back of gains made in trading, lending and ongoing market volatility.
New head of equity execution services for continental Europe has previously served across JP Morgan, UniCredit, Nomura Securities and Morgan Stanley in equity sales roles.
New RBC sales trader and director previously spent 14 years at Morgan Stanley and joins the firm to expand its European cash trading division alongside two other senior new hires.
SVB, Citi, Goldman Sachs and Morgan Stanley have invested in the Nasdaq private market platform, which will become an independent entity.
As the fallout of the collapse of Archegos Capital sent shockwaves across the global community, Hayley McDowell examines this tale of winners and losers as questions about the future of prime brokerage are brought to the fore.