Sad to report.
It had to happen.
It was easy come, easy go.
Good news for some.
More than 3,500 bankers in Europe earned $1.36m or more last year after a big jump across the continent and in Britain, which had 12 times as many high earners as any other country.
Raoul Weil, a former UBS banker charged by U.S. authorities five years ago for allegedly helping rich Americans dodge taxes via secret Swiss bank accounts, has agreed to go to the United States to face trial after being arrested in Italy, Weil's lawyer and judicial sources told Reuters.
So far this year 142 IPOs, worth a combined US$7.8 billion, have been cancelled or postponed globally. Highlights follow below.
U.K. traders who’ve come under investigation for rigging benchmark rates may find themselves in another difficult situation - unable to find a good lawyer.
Credit Suisse will stay 'very active' in government bonds after shrinking some parts of its fixed-income business because its customers demand access to those markets, its head of European rates trading said.
Regulations surrounding bankers' pay, particularly the EU bonus cap, have lead to fixed salaries representing a higher proportion of total pay packets, meaning financial institutions are less capable of reacting to a downturn, the Bank of England has warned.
Could be 'even worse than 2008 during the financial crisis'.
Credit Suisse has hired Andreas Arni to head a new unit that focuses on entrepreneurs as it expands the business of managing money for the wealthy.