Bank of America Merrill Lynch has announced that Percy Batliwalla has been named global head of Sales for Large Corporates and Financial Institutions in Global Transaction Services (GTS) at Bank of America Merrill Lynch.
JPMorgan and a major insurer have agreed to a $300m settlement to resolve accusations that they forced homeowners into over-priced property insurance and entered into kickback arrangements that inflated the policies' prices.
The big banks don't have to be split if the "right regulation" is in place, Sandy Weill, former chairman and CEO at Citigroup, told CNBC on Tuesday, a year after he shocked the financial world by calling for the breakup of the investment banking and commercial banking operations.
Toronto-Dominion Bank is ramping up its U.S. asset-management business while doubling the number of advisers for wealthy American clients in an bid to accelerate profit.
The power of one.
Deutsche Bank faces a hearing in a lawsuit by four traders fired over the lender’s role in the alleged rigging of interest benchmarks after mandated mediation failed to produce a settlement.
Former Treasury Secretary Henry Paulson told an audience of bankers and economists at a hotel on New York’s Fifth Avenue Monday that many of the factors that contributed to the financial crisis of 2008 are still in place.
Banks which have patched up their information technology (IT) systems too often in recent years face big increases in spending to modernise their operations for the digital age.
Deutsche Bank plans to appoint North America equities head Thomas Patrick to run the firm’s global stock-trading business, a person with knowledge of the decision said.
The bonuses of City executives should be linked to whether or not they meet targets for the number of senior women appointed at a firm, according to a government-backed report.
Never believe a big bank that boasts that its culture is so different: its lending principles conservative, its business immune to the traditional banking vices of over-confidence, over-expansion and bad behaviour.