U.K. regulators faulted Deutsche Bank in a March letter for “serious” lapses in efforts to thwart money laundering, capping a review that already prompted the firm to make changes, according to a person with knowledge of the matter.
'Including cases of padding expense reports and improperly lending money to colleagues'.
A Frenchman is suing his former employer for $415,000 for levels of boredom at work that he describes as a "descent into hell" and "nightmare."
The Securities and Exchange Commission is supposed to be Wall Street’s top cop, charged with protecting investors while it ensures that brokers and bankers adhere to the rules.
JPMorgan has said the Justice Department’s criminal division is among regulators investigating its hiring practices in Asia.
CEO Tidjane Thiam sought to convince shareholders that his strategy for turning around Credit Suisse will succeed while acknowledging the plan is still very much a work in progress.
Swiss bank UBS reported earnings in line with forecasts on Tuesday, as its wealth management business attracted strong inflows, but said it saw "abnormally low" transaction volumes in the first quarter as clients became more risk averse.
HSBC reported adjusted pre-tax profit of $5.4B for Q1, which CEO Stuart Gulliver called a resilient result in tough market conditions.
BNP Paribas reported a 10 percent rise in net profit in the first quarter but its investment banking division took a hit from a volatile market environment.
Boardroom bosses have been put on alert that their pay has moved beyond being a focus for UK investors after the biggest wealth fund in the world said it was scrutinising pay deals.
PricewaterhouseCoopers has been fined £2.3m by the accountancy watchdog over its auditing of the subprime lender Cattles and its biggest division, Welcome Financial Services, in 2007.
UBS has brought in psychologists, data scientists, shipments specialists and pricing experts to overhaul how it generates investment ideas and recommendations for clients.
Societe Generale shut its energy and commodities research unit in Paris this week, according to people with knowledge of the matter.