Bank of America Merrill Lynch (BofA) has emailed its employees to encourage them to register to vote in Britain's referendum on whether to stay in the EU, sources at the bank told Reuters on Thursday.
Deutsche Bank and Credit Suisse may have to raise more capital because of the need to resolve U.S. claims over the sale of mortgage-backed securities before the financial crisis, Barclays said as it downgraded the two banks.
Worldwide M&A activity totals $1.36 trillion, down 20% compared to YTD 2015
A Brexit vote would dramatically increase risk premiums on UK equities, one macro-research house has argued, wiping more than £400bn off the market.
British Bankers' Association (BBA), the trade body that was heavily criticised for its role as the administrator of the Libor interest rate benchmark, is expected to be merged with its rival associations.
Costs are there to be cut!
'We have been carefully reviewing the situation and contingency planning around a number of areas, including our organisational footprint and where we book business'.
'There's a need for talent which is sparking (this initiative)'
The Securities and Exchange Commission has announced that Morgan Stanley Smith Barne has agreed to pay a $1m penalty to settle charges related to its failures to protect customer information, some of which was hacked and offered for sale online.
Top US investment banks have signaled a rebound in revenue growth in the second quarter from a year ago, potentially bringing relief to the industry after four quarters of year-on-year declines.
mortgage securities probe
HSBC has defeated a class-action lawsuit by investors who lost money in Bernard Madoff’s fraud and claimed the bank ignored warnings while administering a group of 'feeder funds' that placed money with the con man.
The senator from Massachusetts is taking Wells Fargo's consumer accounts scandal straight to the top of the bank.