Allen & Co. represents Wal-Mart in the latest sign that smaller upstarts are challenging the big banks on merger deals.
Lloyds Banking Group is facing a legal challenge to close the gap in pensions for its female staff.
Barclays has appointed Emily Portney as the chief financial officer for its corporate and international (BC&I) business, which includes its investment bank, a person familiar with the matter said on Friday.
Investment banks are expected to pocket big fees from a proposed emergency plan for Italian lender Monte dei Paschi di Siena.
Citigroup has purchased a portfolio of credit-default swaps from retreating rival Credit Suisse, two people with knowledge of the matter said.
A federal judge rejected PricewaterhouseCoopers' bid to dismiss a $1bn lawsuit accusing the accounting firm of professional malpractice for helping cause the October 2011 bankruptcy of MF Global Holdings, a brokerage once run by former New Jersey Governor Jon Corzine.
European banks have pushed back profitability targets so many times, the dates are now more placeholders than deadlines.
A federal appeals court rejected a one-time billionaire's bid to revive his $800m lawsuit accusing Citigroup of fraudulently hiding its exposure to subprime and other toxic mortgages, inducing him to hold on to shares he otherwise would have sold.
Banks across Europe have endured a difficult year, and some experts say the effect on U.S. stocks is forthcoming.
UK deal activity could be boosted by the Bank of England’s interest rates cut, mergers and acquisitions (M&A) experts have suggested.
UBS Chief Executive Officer Sergio Ermotti pledged to continue cost cuts after profit at the wealth-management business fell and the securities unit was hurt by a slump in equities trading.
Antony Jenkins, former CEO of Barclays, has unveiled a new venture that will transform the ways banks operate, enabling them to offer customers superior, faster and cheaper services.
Australia & New Zealand Banking Group’s sale of businesses in five Asian markets to DBS Group Holdings offers the latest sign of consolidation in the region’s highly competitive wealth industry, which has already seen a retreat by European players like Barclays and Societe Generale.