The US Commodity Futures Trading Commission is settling charges against the bank for attempted manipulation and false reporting.
HSBC is set to appoint a new boss for its boardroom pay committee as current chair Sam Laidlaw is set to step down from the bank's board as early as next year.
Rich Ricci, the former head of Barclays investment banking and right-hand man of Bob Diamond, has warned that fintech startups will snatch market share from established financial institutions and change the landscape of banking.
Sad to report.
A tough week just got worse.
Citigroup has hired Ryota Himeno, Japan’s top-ranked transportation analyst, to boost coverage as it expands in the country.
Citigroup is the world’s largest currency trader by market share, according to a Euromoney Institutional Investor survey, the third straight year the bank has led the rankings.
Sam Chapin and Dan Cummings, senior Merrill Lynch executives who helped meld the firm to Bank of America after the financial crisis, plan to step down as vice chairmen, ending more than 50 years of combined work at the company.
Goldman Sachs’s asset-management arm is raising funds to buy stakes in private-equity firms as it looks to expand access to alternative strategies for wealthy clients, according to a person briefed on the strategy.
Fitch Ratings downgraded Credit Suisse's long-term default rating by a notch to A-minus and its viability rating to a-minus from a, citing the bank's reliance on difficult capital markets.
Paying a large penalty.
Guggenheim Partners, the firm run by Chief Executive Officer Mark Walter, hired Robert Bayer from Jefferies Group to work with clients in forest-product-related industries.
A former London-based Deutsche Bank trader pleaded not guilty Thursday to U.S. charges he manipulated a benchmark interest rate that is not only tied to trillions of dollars in securities and loans but is also the focus of government investigations worldwide into bank misconduct.