Bank shares are likely to fall sharply if there was a vote for Brexit and dividend payouts to shareholders would be axed, according to a forecast by City analysts.
Grinding away at expenses.
'Unfortunately, it was his time.'
Waiting it out.
Just days after winning an unfair-dismissal claim against Societe Generale, convicted rogue trader Jerome Kerviel is back in court in a clash over his liability for the lender’s record $5.5bn loss eight years ago.
Alleged fraudster Andrew Caspersen's compulsive gambling on put options in the S&P 500 index led to losses and allegedly to a massive fraud.
JPMorgan expects revenue and expenses to remain about unchanged from last year as the bank waits for the benefit of higher interest rates and plows cost savings into investments, Chief Financial Officer Marianne Lake said.
A former UBS equities salesman who sought more than $1m in a lawsuit over his departure will instead have to pay the bank $42,100 because he didn’t work though his notice period.
Sad to report.
Barclays has hired Tim Main to be chairman of its global financial institutions group, as CEO Jes Staley adds another fellow JPMorgan veteran to the bank’s senior ranks.
Credit Suisse has named Bill Johnson as head of Asset Management Americas and Michel Degen as head of Asset Management Switzerland and EMEA (Europe, Middle East and Africa), according to a memo seen by Reuters and confirmed by the bank.
The head of the German Bundesbank has said Frankfurt will open its arms to any banks or businesses that decide to leave London in the wake of the EU referendum.