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.
Investors may be rewarded for picking up the defaulted notes of Midwest Vanadium Pty over the next 12 months as the company gets funding to revive its mining business, according to Independent Credit Research LLC.
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 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.
Bonds linked to U.K. inflation are beating all but one of their developed-market peers this year, a sign investors see price increases accelerating from the slowest pace since 2009 as the economy gathers strength.