Here's the memo UBS Investment Bank CEO Andrea Orcel has sent to staff outlining the new orgainsational structure at the firm.
Royal Bank of Scotland (RBS) reported better-than-expected operating profits Friday, but its finance director admitted that it and other U.K. banks are still paying the bill for sins committed before the credit crisis.
HSBC has reported profit that missed analysts’ estimates and made an $800m provision for penalties from a U.S. money-laundering investigation.
Standard & Poor’s misled investors by giving its highest credit grade to securities whose value plunged during the global financial crisis, an Australian judge ruled. The ratings company said it will appeal.
Here we go again.
Goldman Sachs has announced that the firm and Goldman Sachs Gives will donate $5m to Hurricane Sandy clean up and recovery efforts, and the firm will provide $5m in loans to small businesses impacted by Hurricane Sandy.
Britain's oldest man has attributed reaching his 110st birthday to a combination of idleness and drinking a mysterious potion as a boy.
The New York City Marathon was canceled amid growing criticism that holding the race so soon after Hurricane Sandy devastated parts of the city would drain resources and be an affront to residents recovering from floods.
Asil Nadir has been ordered to pay back £5m of the £29m he stole from his Polly Peck business empire or serve an extra six years in prison.
They make flip-flops and pet food. They sell miniskirts and motorcars. They mine iron ore and distribute soda. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Barclays said it will boost pretax profit by about $750m after resolving a long-running asset fight with the remnants of Lehman Brothers.
Bank of America has hired Jeffrey Peek, who ran commercial lender CIT Group for six years, as an executive vice chairman in the global investment bank.
Anshu Jain spent 20 years building Deutsche Bank into a global investment bank that rivalled Wall Street's giants.