UBS should consider splitting its investment bank from the wealth management and Swiss banking businesses, shareholder Knight Vinke Asset Management said.
Daiwa Securities has boosted the bonus pool for its investment bankers and staff to the most in three years after posting its highest profit since 2006.
Three 19-year-old college friends of one of the alleged Boston Marathon bombers were charged with hindering the investigation in the days after the April 15 attack by throwing away evidence and lying to police.
Goldman Sachs’ deal with U.K. officials that saved the bank as much as $31m in taxes, according to an advocacy group, will be reviewed at a two-day hearing starting Thursday.
It looks like the banks are about to be in the dock again - over ISDAFIX this time.
Scotland's chief legal officer has rebuked Vince Cable for intervening in Scottish prosecutors' deliberation about whether or not to take action against the directors of Royal Bank of Scotland (RBS) at the time of the taxpayer bailout in 2008.
And he used to work for Goldman Sachs.
Job cuts in the financial markets will be a 'continued slow bleed' after the industry trimmed hundreds of thousands of positions in recent years, a top banking analyst has said.
'You get ahead - good reviews, promotions - and at some point you can lean in and have your head chopped off', Barbara Krumsiek, chief executive of Calvert Investments Inc. said in an interview this week at the Financial Women’s Association Annual Dinner.
Barclays has appointed Managing Director Robert Bogucki to the role of global head of power, natural gas, emissions, coal and freight trading, two people with direct knowledge of the matter said.
"Starting here is going to give us the passport to take our solution to many other markets," David Gurle said.
The former head of defunct bitcoin exchange Mt Gox, Mark Karpelès, has been charged with embezzlement by Japanese prosecutors, according to reports from the Japanese media.
The seventh anniversary of the collapse of Lehman Brothers falls on Tuesday. By the end of this week, the US may have raised interest rates for the first time since June 2006, marking the moment when a version of financial normality is restored.