The Financial Conduct Authority (FCA) should be stripped of its powers to fine and ban individuals for wrongdoing, according to a report by MPs that calls on new chancellor Philip Hammond to commission an independent review into whether an alternative investigatory body should be set up.
Julius Baer has become the latest in a string of companies which has reported bumping up its bottom line on Brexit uncertainty, as it issued its half year results Monday.
'I don’t think....current cost-cutting plans are sufficient to generate normalized returns in the time periods they’re targeting'.
Goldman Sachs , one of the world's biggest investment banks, gave credibility to a deal dubbed the "unacceptable face of capitalism" by U.K. lawmakers and "underplayed" their role in negotiations, according to a critical report by MPs.
Mizuho Financial Group is hiring for bond underwriting on Wall Street, emboldened by winning a bigger slice in managing deals since adding bankers from Royal Bank of Scotland in 2015.
Deutsche Bank’s John Cryan will try to convince investors this week that his efforts to turn around Europe’s biggest securities firm will succeed. It’s a narrative that’s becoming harder to sell.
JPMorgan and a U.S. Bancorp unit failed to stop executives at now-defunct Peregrine Financial Group from stealing their funds on deposit, according to former customers who lost money in a $200m swindle.
Dozens of former Credit Suisse advisers who have been fighting for their deferred compensation after leaving the bank last year scored a partial victory on Friday when the brokerage industry’s main regulator said member firms cannot make workers waive their rights to settle disputes in the regulator’s own arbitration forum.
HSBC is selling $2.7bn of loans as part of a plan to cut risk-weighted assets by $290bn over the next three years, according to two people with knowledge of the sale.
Princelings and Patek Philippe watches on junior staffers are more common on Wall Street than many want to believe.
A former senior banker who drove his Ferrari into a security guard at high speed in a fatal accident last year has been jailed for 21 months for dangerous driving causing death, after his claims of mechanical failure were rejected.
The blockbuster proposed unification of the two heavyweights pushed the investment bank to the top of the standings this year for M&A.