'We will adjust our business in order to achieve the results which we have planned'.
Credit Suisse managers were aware of the trading positions that have forced the bank to take almost $1bn of writedowns over the past half year, Chairman Urs Rohner said.
Citigroup has appointed Angus Yang to head a unit in Asia that provides services to hedge funds including brokering trades, lending securities and introducing them to potential investors, after his predecessor left the bank in March.
It's OK, Charles Schwab and BlackRock: Robo-advisers won't be taking away your high-net-worth clients.
One of the most popular hedge fund trades just hit a wall.
The onus may no longer be on your bonus!
Pay for all of Deutsche Bank’s executives will be capped at the same limit this year. But a new disclosure shows corporate and investment bank head Jeff Urwin may be worth more compensation than co-Chief Executive Officer John Cryan.
'We are working on steps to increase our efficiency, and streamline and simplify areas of the organization'.
On being fired: 'I know I started to cry'.
Norway's $893-billion sovereign wealth fund, the world's biggest, swung to a positive return in the second quarter led by gains in its fixed-income portfolio, it said on Wednesday.
The chair of the Treasury Select Committee has today written to the National Audit Office, seeking a swift review on previous advice given on the government's sale of RBS shares.
Deutsche Bank's top management should waive executive bonuses for a second year if the lender's results remain poor, retail bank head Christian Sewing told Bild in comments published on Wednesday.