Co-chief executive John Cryan said the results reflected wider challenging conditions in the first quarter.
Marco Arosio, a former executive at Citigroup, sued the bank for unfair dismissal, according to filings from a London employment tribunal.
A Barclays investment banker said his friendship with a former employee on trial for conspiring to manipulate Libor doesn’t mean he had any knowledge of attempts by multiple traders under his supervision to rig the benchmark rate.
Harvard University appointed Bob Jain, global head of Credit Suisse Asset Management who is joining Millennium Management, to the board overseeing its $37bn endowment, the fourth outsider added in the last year as the fund restructures.
Bank of America shareholders elected all 13 directors nominated by the bank at its annual meeting on Wednesday, while approving compensation for top executives in a non-binding decision.
At a time when Wall Street banks say they’re running out of reasons to trade with the U.S. government, Wells Fargo is jumping into the market.
Deutsche Bank investors shouldn’t rubber-stamp the decisions made by the lender’s management including co-Chief Executive Officer John Cryan, according to a British shareholder advisory firm.
Deutsche Bank posted a surprise profit in the first quarter as legal expenses dropped and the company’s trading businesses performed better than analysts had expected.
A dispute between Libya's $67bn sovereign wealth fund and Goldman Sachs over advice given on trades made in 2008 will be back in London's High Court on May 5, with amended court papers that emerged on Wednesday adding new details.
Barclays has today thanked its shareholders for being patient as the bank undergoes a turnaround period.
Police investigating the death of banker Oliver Dearlove have arrested a man on suspicion of murder.
Troubled Italian lender Monte dei Paschi received much needed positive news Thursday after Milan prosecutors filed a request to shelve an investigation into alleged market manipulation and false accounting by its chief exec and former chairman.
Outbound mergers and acquisitions by Asian companies this year are set to reach the highest annual deal value on record, according to Mergermarket.