Zurich Insurance Group said a probe into the suicide of Pierre Wauthier showed that no 'undue pressure' was exerted on the CFO before his suicide in August.
Marc Moses has been appointed an executive director of HSBC Holdings plc with effect from 1 January 2014. He will continue to be a member of the Group Management Board.
JPMorgan Chase has said that the U.S. Department of Justice is conducting at least eight separate investigations into the bank’s activities, ranging from recruitment in Asia to its relationship with Ponzi scheme operator Bernard Madoff.
A top Goldman Sachs banker in Asia is relocating to the United States to take on a global role, people familiar with the matter told Reuters, after playing a key part in the firm's efforts to broaden its business amid a drop in equity offering volumes.
Morgan Stanley CEO James Gorman sat down with Bloomberg Television's Erik Schatzker at Columbia Business School Friday.
HSBC said third-quarter pre-tax profit rose 30% as the bank cut costs and focused on its most lucrative markets.
Barclays has suspended six traders in connection with foreign exchange trading, sources with knowledge of the situation told CNBC.
Documents settling the landmark insider-trading case against SAC Capital are expected to be signed Monday, said someone familiar with the matter.
The chief executive of Commerzbank said Germany's second largest lender should not remain independent at all costs, a German newspaper reported.
On a long, thin sliver of land between the railway tracks in King's Cross, where rusting gasometers and soot-caked sheds once stood, a multi-storey pleasure palace will soon rise out of the ground.
Deutsche Bank said the management board will review its procedures for bringing on new customers as co-CEO John Cryan seeks to tighten controls and avoid a repeat of regulatory investigations of the bank.
HSBC will close down its private banking business in India and transfer about 70 staff following a strategic review of the operations, people familiar with the matter said.
Investors have withdrawn more than £40bn from Aberdeen Asset Management as clients grew nervous about shares in China and other emerging markets that the fund manager had built its reputation on.