Fitch Ratings downgraded Credit Suisse's long-term default rating by a notch to A-minus and its viability rating to a-minus from a, citing the bank's reliance on difficult capital markets.
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 number of complaints lodged against financial services firms nudged down in the first six months of 2016 according to statistics released by the Financial Conduct Authority (FCA).
Deutsche Bank has confirmed that 1,000 jobs are to be cut in Germany.
Reducing the size of the bank.