The efforts in Congress to break-up "too big to fail" banks in the U.S. run the risk of allowing Chinese banks to takeover as leaders on the world financial stage, an influential banking analyst told CNBC on Tuesday.
Oh, that's got to hurt.
When UBS wealth manager Abdallah Najia came to Switzerland from Dubai in March for a week of training, he was as stunned by the message as by the scenery.
Credit Suisse is facing a shareholder revolt over pay after an influential advisory group asked investors to block the Swiss bank’s plan to issue shares for employee bonuses.
I was just 16-years-old when I wrote to Margaret Thatcher. It was 1975, and she had just become Leader of the Conservative Party.
The long exile of "trading" from the earnings reports of Goldman Sachs has come to a quiet end.
European lawmakers voted on Tuesday to cap banker bonuses at the region’s largest institutions, as part of a major set of reforms designed to curb the financial industry’s risky behavior.
Bank of America Corporation has reported net income of $2.6bn for the first quarter of 2013, compared to $653m in the first quarter of 2012. Revenue, net of interest expense, on a fully taxable-equivalent basis rose 5% to $23.7bn from $22.5bn a year ago.
The deadly Boston Marathon bombings won't "change the way we live" in the United States, said Jack Jacobs, a retired U.S. Army colonel who received the Medal of Honor.
Barclays has failed to win the all-clear from a powerful investors' group about the way it is using complex financial instruments to raise capital and pay its bankers.
Massachusetts’ chief securities regulator is investigating a technology failure that caused delays in the pricing of mutual funds and exchange-traded funds for several days last month.
Nomura and Royal Bank of Scotland have agreed to pay up to $33m on top of $806m that a U.S. judge ordered them to pay for making false statements in selling mortgage-backed securities.
Credit Suisse was ordered by a Texas judge to pay Highland Capital Management $287.5m for losses on a $540m refinancing of a shaky real estate development.