Bank of America Corp.’s Lisa Carnoy, one of Wall Street’s highest-ranking women, is moving from head of the global capital-markets division to an executive role in the U.S. Trust wealth-management unit.
A former Bank of America Corp. senior vice president, who cooperated with prosecutors probing a conspiracy to rig bids in the $3.7 trillion municipal bond market, won’t go to jail for his role in the scheme.
The Treasury’s auction of $32 billion of two-year notes drew a more-than-forecast yield that approached the highest since 2011 amid speculation the Federal Reserve will raise interest rates before the debt matures.
A week before Barrick Gold Corp. Chairman Peter Munk retires, his successor John Thornton is emerging as a dealmaker as the former Goldman Sachs Group Inc. banker pursues a bid to combine the two biggest gold miners.
Royal Bank of Scotland Group Plc has lost at least six senior debt traders and salesmen in the past month to rival firms as the British lender shrinks its investment bank and faces political pressure to reduce bonuses.
Royal Bank of Canada hired U.S. mortgage-bond trader Brad Scott from Bank of America Corp. as Canada’s second-largest lender bolsters its investment bank in the U.S., two people with knowledge of the move said.
Dubai tapped capital markets for the first time in more than a year with the sale of $750 million of 15-year Islamic bonds as the emirate seeks to pay debt and finance its budget amid a property-market recovery.
China plans to fold developers of military hardware into listed state-owned companies, people familiar with the matter said, giving them access to capital markets as the country prioritizes high-technology defense capability.