There will be no demerger at Barclays.
Who is to blame for Facebook’s initial public offering ?
Non-systemically important banks are Europe’s “real” problem - and that is why even the smallest bank in the euro zone must be under European Central Bank (ECB) supervision, Michel Barnier, the European Commissioner for Internal Market and Services, told CNBC.
Some folks think bankers SHOULD live in caves.
Morgan Stanley Smith Barney is said to have made around 20 changes to its IT platform in an effort to convince financial advisers to stay the course and remain at the firm.
Antony Jenkins, the new boss of Barclays, has made it clear that he would not break up the bank by carving off the investment banking business from its high street operations.
A jury was sworn in at Southwark crown court on Monday to hear the case of Kweku Adoboli, a City trader who is accused of causing £1.4bn of losses for his former employer, Swiss bank UBS.
Japanese Financial Services Minister Tadahiro Matsushita has died, an aide at his regional office said. He was 73. Police are investigating the possibility of suicide, a police spokesman said.
The Securities and Exchange Commission has charged three former brokers at an Atlanta-based brokerage firm for 'churning' the accounts of customers with conservative investment objectives, causing severe investor losses while the brokers collected handsome fees.
The Securities and Exchange Commission has announced an emergency enforcement action against an asset manager who has boasted remarkable investment success throughout the global financial crisis while allegedly exaggerating the value of the assets he manages and concealing major losses from investors.
Hedge fund Man Group and RSA Insurance both suffered substantial shareholder rebellions over their bosses’ pay deals on Friday – the latest rows over executive remuneration at stock market-listed companies.
“Euphoria returns to the City! Lobster Thermidor is back on the menu! Buy shares in lap dancing bars! The City is safe for five years.”
Leaving 'in droves'.