UBS is now expected to pay $69.8m to resolve a U.S. regulator's lawsuit alleging it sold toxic mortgage-backed securities to corporate credit unions that later failed, according to a Friday court filing.
Wall Street pulled off a minor miracle of sorts last week, with most of the biggest banks matching or topping their earnings estimates.
8 firms were competing in 4 head-to-heads - the winner of each contest goes through to the Final.
The Kremlin has apologized over Russian President Vladimir Putin's accusations that U.S. bank Goldman Sachs was behind one of the leading German papers that publicized the Panama Papers leak which drew links to Putin's associates.
Citigroup reported a sharp decline in quarterly profit on Friday, hit by weak revenue, costs related to shrinking businesses, and loans to energy companies that are going bad.
Startup culture is now so embedded in our life it seems almost impossible to imagine life without it. Everyone wants a bit of that entrepreneurial magic these days.
Credit Suisse will stop publishing research that previews companies’ financial results in Japan after the securities watchdog found that its local securities unit leaked information about a company’s earnings.
Michael Saunders has a reputation as a hawk, who in recent years believed the economy to be in rude health and in need of higher interest rates to suppress inflationary pressures.
The firm recently began dismissing more support staff and is increasingly rejecting bankers’ spending on airfare, hotels and entertainment unless it directly serves clients.
Moody's is raising the red flag on the Chinese banking sector as small and mid-size banks increasingly rely on wholesale funding to aid rapid asset growth.
UBS is eliminating about 15 jobs at its investment bank and corporate centre in Paris, according to a person with knowledge of the matter.
Tens of thousands of people have put their names to a petition protesting against the appointment of a former European Union leader to the investment bank Goldman Sachs, calling the move "irresponsible" and "morally reprehensible."