Christine Harper is Bloomberg's chief financial correspondent and the lead reporter covering Goldman Sachs. She has worked for Bloomberg News since February 1998, when she joined the London office. During eight years in London, Christine covered beats including European media, technology and telecommunications, corporate debt, and investment banking. She has covered Wall Street from New York since April 2006 and has received awards from the New York Press Club award and the Society of the Silurians.
Before joining Bloomberg, Christine worked for two years for Dow Jones Newswires in Brussels and New Jersey. She previously worked as a correspondent for the Philadelphia Inquirer and as a reporter for The Sun Herald newspaper in Biloxi, Mississippi. She has a master’s degree in journalism from Northwestern University.
UBS O’Connor LLC, the $5.7 billion hedge-fund unit within the biggest Swiss bank, is cutting 16 of 46 positions at an equity fund and plans to triple a corporate credit fund’s workforce, a person familiar with the plans said.
UBS AG, the Swiss bank that said last year it would cut 10,000 jobs to increase profit, is now boosting investment bank salaries to catch up with rivals and retain employees, said three people with knowledge of the plan.
Ken deRegt, a Morgan Stanley veteran called on to revamp risk-management and the fixed-income trading business after returning in February 2008, is leaving again to join investment firm Canarsie Capital Group.
As JPMorgan Chase & Co.’s Jamie Dimon prepares for a vote tomorrow on whether he should keep his chairman and chief executive officer titles, he may take comfort knowing most of his biggest shareholders are led by men with the same dual role.
Credit Suisse Group AG’s job cuts have created a “sustainable business model” and future cost savings will be sought in “our shared services and platform- type costs,” Chief Executive Officer Brady Dougan said.
Elliott Management Corp. built a $44.2 million position in JPMorgan Chase & Co. during the first quarter even as the hedge-fund company’s founder said it was impossible to determine how risky financial institutions are.
JPMorgan Chase & Co.’s revenue from its markets businesses, which include trading of bonds and equities, is about 10 percent to 15 percent greater so far this quarter than the year-earlier period, a senior executive said.