Citadel has dismissed several portfolio managers and analysts in a shakeup at its Surveyor Capital unit.
Ares Management could soon provide loans for as much as $5 billion to a single borrower.
Credit Suisse's offices in Zurich were raided amid a probe into whether it misled investors in funds it ran with Greensill Capital.
Vanguard Group is offering $1,000 to employees who get vaccinated by October.
Allianz warned of a potentially material hit to its earnings after the Justice Department opened a probe into its Structured Alpha Funds.
Credit Suisse sought to assure investors that the bank will "learn all the right lessons" from the fiasco at Archegos that cost it billions.
Fidelity Digital Assets is planning to boost head count as demand for cryptocurrency services from institutional investors remains strong.
Morgan Stanley plans to bar employees who aren't vaccinated against COVID-19 from entering its offices in the New York area.
Canadian investment giant Brookfield Asset Management is bucking the trend when it comes to hybrid work in a post-pandemic world.
Allianz's board member overseeing PIMCO said the German insurance company plans to play an active role in money management consolidation.
Credit Suisse Group canceled a plan to back star trader Hamza Lemssouguer's credit fund in a stunning about-face.
Carlyle Group and Warburg Pincus told employees they'll require COVID-19 vaccinations to return to the office in September.
DWS Group and Assicurazioni Generali are among suitors that submitted initial bids this week for the asset management arm of NN Group.
J.P. Morgan Chase applied to take full control of its China securities venture and is ramping up hiring as it plows ahead with expansion.
Credit Suisse is temporarily barring clients from withdrawing all their cash from a fund that invests with Renaissance Technologies.
KKR agreed to buy John Laing Group for about $2.8 billion in a bid to secure a global infrastructure portfolio with potential for growth.
Market participants from Goldman Sachs to BlackRock are divided on whether current frothy valuations constitute an unsustainable frenzy.
Schroders explored a potential buyout of M&G, a deal that would have created a U.K. fund powerhouse overseeing over $1 trillion of assets.
Amundi's new CEO is focusing on margin pressure, intensifying competition from rivals and the development of passive management.
Todd Barker, the head of Surveyor Capital at Citadel, is retiring after 16 years at the hedge fund firm and will be replaced by Phillip Lee.
Berkshire Hathaway Vice Chairman Greg Abel was publicly named as the likely successor to CEO Warren Buffet, but is he up to the job?
UBS Group disclosed an $861 million hit from the implosion of Archegos Capital Management and vowed to improve risk management.
Morgan Stanley surprised investors with a $911 million loss tied to the collapse of Archegos Capital, staining an otherwise record quarter.
The closure of South Africa's biggest money market mutual fund has rekindled speculation that Absa Asset Management may be up for sale.
Greencoat Capital, one of the U.K.'s biggest managers of renewable energy funds, is considering a potential sale.