Executive pay can be fiendishly hard to calculate and even harder for the public to comprehend – and now it seems that the same is true for the owners of one of the biggest fund managers in the UK.
James “Jes” Staley, the chief executive officer of Barclays who took over last year after a long career at JPMorgan, said that European investment banks are losing control of their own markets to U.S. rivals as they shrink and struggle to make a profit.
UniCredit’s decision to replace CEO Federico Ghizzoni after almost six years at the helm paves the way for a strategy review that may include a capital increase and asset sales, according to analysts.
Former Royal Bank of Scotland boss and current boss of RSA Insurance Group Stephen Hester has got another role to add to his list of duties.
The investment bank's need for reserves to offset losses on oil and gas companies could rise in 2016, executives warn.
UK banks have been told by the City regulator they should not use anti-money laundering rules as an excuse to close accounts for charities, politicians and other clients just because they perceive them as risky.
Score one for the little guys.
The world's 12 largest investment banks endured their slowest start since the financial crisis, in what's typically their most lucrative period.
The U.S. Securities and Exchange Commission is investigating whether Deutsche Bank inflated the value of securities in its mortgage-bond trading business and masked losses around 2013, according to people with knowledge of the matter.
Goldman Sachs promoted Philip Berlinski to succeed Peter Selman as co-head of global equities trading and execution services.
Former Merrill Lynch advisers who were fired after Bank of America merged with the brokerage in 2008 won back some of the deferred compensation on which they had missed out, according to a settlement filed this week in a North Carolina district court.
A former Jefferies Group mortgage-bond salesman was barred from the securities industry for three months after a regulator alleged he misled customers.