‘Who broke the law?’ Cohn says in defending Wall Street’s role in crisis

Gary Cohn, the former economic adviser to U.S. President Donald Trump, gave a ringing endorsement of Wall Street bankers on Monday, arguing that borrowers were just as responsible for the 2007-2009…

Traders take Fed’s cues, pile on bets on U.S. rate hikes

Bond traders are increasing bets the Federal Reserve will raise U.S. short-term interest rates into 2019 as the jobs market tightens and with inflation seen climbing above its 2 percent goal.

Investors favor lower-risk bonds in latest week: Lipper

Investors favored lower-risk U.S. bond exposure during the latest week, Lipper data showed on Thursday, as trade conflicts, an emerging market crisis and contradictory economic news spoiled the idea…

Exclusive: Hedge fund Diamondback founders Schimel and Sapanski plan new fund – sources

The founders of Diamondback Capital, one of a handful of hedge funds touched by the U.S. government’s insider trading probe, have reunited and are working on a new investment project, people familiar…

Exclusive: First Reserve plans $3 billion buyout fund as energy rebounds – sources

First Reserve Management LP is seeking to raise $3 billion for a new buyout fund, making it the latest energy-focused private equity firm moving to capitalize on an oil price recovery that is…

Fidelity Investments winds down $3.5 billion index fund

Fidelity Investments is winding down a fund that had more than $3 billion in assets last year, with the Boston-based money manager citing an overlap in holdings of other funds used in its target-date…

Standard Chartered to part ways with three senior Asia bankers in coverage revamp: sources

Standard Chartered is parting ways with three senior Asia-focused bankers and possibly with some mid- and junior-level bankers, as the British lender moves ahead on a plan to cut costs and revamp its…

Three senior StanChart Asia bankers, including telecoms head, to leave: sources

Three senior Asia-focused bankers at Standard Chartered Plc are set to leave the bank, as it seeks to prune coverage of some industrial sectors while sharpening its focus on others, two people…