Barclays’ chairman wants to cut investment bankers’ bonuses and told shareholders that the current period of market turmoil might provide the cover he needs to chop pay.
Sad to report.
Deutsche Bank supervisory board member Georg Thoma is stepping down two years early after facing criticism that he went too far in probing potential wrongdoing at the company.
Sergey Aleynikov only wants 35 minutes of Goldman Sachs Chief Executive Lloyd Blankfein’s time.
Barclays indicated it has ruled out internal candidates to lead its investment bank as Chief Executive Officer Jes Staley, himself an external hire, moves his search outside the firm.
Losses at Royal Bank of Scotland have widened more than expected in the first quarter of 2016, as the bank confirms it will have to consider alternatives for its plan to offload William & Glyn.
Barclays Chairman John McFarlane has pledged to deliver a "clean and prosperous" 2018 to investors, putting a deadline on a vast programme of restructuring and asset sales that will cause staffing numbers to fall by 50,000.
'Accelerating some of the cost measures that we have planned'.
Bank of America equities chief Fabrizio Gallo is shaking up leadership across his division, promoting Glenn Koh to run its trading operations globally, as at least a half-dozen other deputies take on new roles or leave.
Credit Suisse’s surprise loss on illiquid trading positions, announced last month, may force the company to sell a larger stake in a unit than previously planned, according to Morgan Stanley.
Deutsche Bank Chief Executive John Cryan on Friday moved to reassure staff after shares in Germany's largest lender hit an historic low amid.
The $41-million clawback that Wells Fargo slapped on CEO John Stumpf is a good start, but it's not enough, says one prominent banking analyst.
Experts and analysts in the industry are playing down comparisons between Deutsche Bank and the dramatic collapse of Lehman Brothers eight years ago.