Financier Guy Hands dramatically abandoned his £1.5bn lawsuit against Citigroup on Friday, nine years after the ill-fated £4.2bn takeover of music group EMI that sparked a long-running legal battle with the American bank.
The Department of Financial Services is requesting information pertaining to the bank's Malaysian 1MDB dealings.
Bank of America CEO Brian Moynihan says employee wellness programs are a good investment.
Tens of thousands of staff at Royal Bank of Scotland have been told to retain a neutral stance on the EU referendum in discussions with customers.
Taking some heat away from bankers, fund managers have recently received much heat over their executive pay.
Sad to report
Back on a Friday - by popular demand.
The U.S. Securities and Exchange Commission is being helped by a whistle-blower in an investigation of Deutsche Bank’s post-crisis mortgage-trading business, according to people with knowledge of the situation.
Schroders has hired former Nomura Chief Financial Officer Shigesuke Kashiwagi as its country head for Japan.
An Israeli who the U.S. said orchestrated the biggest-ever theft of customer data from U.S. financial institutions, including JPMorgan, pleaded not guilty to wire fraud and money laundering charges after being extradited to New York.
Warren Buffett had $1.4bn wiped from his fortune Tuesday after Wells Fargo fell 3.3% as the fallout continued from revelations that bank employees had opened more than 2m accounts without clients’ approval.
Bank of New York Mellon has appointed David Cruikshank as chairman of Asia-Pacific, replacing Stephen Lackey who becomes vice chairman of BNY Mellon Pennsylvania.
'People apparently were making bad choices to hang on to their job'