Global accounting giant PwC is to buy strategic consultancy firm Booz & Co in a deal thought to be worth $1bn.
Citigroup and JPMorgan are putting their top London currency dealers on leave after regulators probing the manipulation of foreign-exchange rates started investigating the traders’ use of an instant-message group, three people with knowledge of the moves said.
Independent, employee-owned, international financial services firm Baird has announced that it has signed a lease and will move its London operations to a comprehensively redeveloped office building, Finsbury Circus House at 15 Finsbury Circus in London’s financial district.
Morgan Stanley will take a 30% stake in Mitsubishi Financial Group’s Japanese wealth-management business in the latest partnership between the two banks, according to a person briefed on the matter.
Entrepreneur Suki Sandhu is the founder of Top 50 LGBT Business Leaders and also runs the recruitment company Audeliss. Suki is the subject of our latest 60 second interview.
Bank of America have said the Department of Justice may file another suit tied to mortgage bonds and raised its estimate of possible added losses from legal and regulatory matters by 82% to $5.1bn.
Lazard Capital Markets, the closely held brokerage controlled by current and former Lazard employees, said CEO William Buchanan resigned after the firm completed its strategic review.
An Italian judge has rejected a prosecutors' request to seize around $222m of funds from JP Morgan as part of an investigation into Banca Monte dei Paschi di Siena's acquisition of a smaller rival, a source with direct knowledge of the matter said.
BNP Paribas (Euronext Paris: BNP-FR) third-quarter net profit beat forecasts on Thursday, up 2.4 percent from the same period a year earlier. But the French lender highlighted weak trading at its fixed income unit.
A year ago, when Barclays' investment bank boss Rich Ricci was still at the bank, and part of the clean-up operation following the Libor fine, he told parliamentarians on the banking standards committee that the bank was looking at the integrity of 80 financial instruments and benchmarks where it was involved in setting prices.
Britain’s biggest lenders are braced for a decision by the Bank of England on whether they are strong enough to withstand turmoil in global markets, as Threadneedle Street considers restrictions on their activities to slow down the growth in consumer lending.
Rising property costs in central London could lead to a wave of businesses relocating outside the capital, research has claimed.