Credit Suisse’s shareholders should reject the bank’s pay proposals, Swiss remuneration crusader Thomas Minder said at the annual general meeting in Zurich on Friday.
JPMorgan shareholders should support a proposal to consider an independent chairman, proxy adviser Glass Lewis said.
Deutsche Bank appears headed for another stormy shareholder meeting in three weeks' time following public squabbling in its supervisory board and the ejection of the board's member tasked with clearing up past scandals.
You are going to get 'decimated'.
'This situation of cover up and lying isn’t acceptable'.
Wall Street's crazy spending spree, with third homes in Hawaii, is finally over. Turney Duff breaks it down.
"Money can't buy you happiness," some poor fellow once said.
Goldman Sachs could benefit if it expanded its traditional banking by acquiring online brokerage E*Trade Financial given the Wall Street bank's revenue has been largely flat this decade, said CLSA analyst Mike Mayo.
The former global head of trading at the world’s largest asset manager, BlackRock, has joined outsourced trading firm Linear Investment as the fund management industry seeks to cut costs after a tough start to the year.
Guggenheim Partners Chairman Alan Schwartz, who’s been building the firm’s focus on investment banking, said intensifying regulatory scrutiny is contributing to a slowdown in dealmaking.
Here are some key points showing how the crisis has accelerated in the last 18 months.
California’s state treasurer announced on Tuesday that it is imposing a year-long ban on working with Wells Fargo after staff “fleeced” the bank’s customers by creating 2m unauthorized accounts.
Deutsche Bank isn’t the only lender wrestling with the U.S. to resolve an investigation into toxic mortgage bonds: Credit Suisse and Barclays are also each in settlement talks with the Justice Department, according to people familiar with the matter.