Wall St - Page 4

Private-equity firm says Kewsong Lee will step down as CEO immediately and leave the firm at the end of this year

A new report from consulting firm Johnson Associates forecasts that year-end bonus pay will decline across financial services, with some bankers seeing bonuses gutted by 45% or more from last year.

Lender names Ulrich Körner as chief executive and launches review to pare back its investment bank further

Jack Dorsey’s deal in fast-growing fintech sector is largest in Australia’s history

Sportswear giant Nike has been forced to pull a funky new retake on its classic Air Force 1 sneakers, after people noticed it looked familiar.

Power players in the financial services industry are threatening to sit out the push for President Obama’s Pacific Rim trade deal unless the administration addresses one of their main objections to the pact.