Schroders is preparing to refresh its board with two new non-executives this year as part of an olive branch to investors concerned about the unorthodox decision to appoint the wealth firm’s long-standing chief executive Michael Dobson as chairman.
Credit Suisse became the second global bank to be penalised in Japan for leaking information about a company’s earnings, amid a regulatory probe that has raised questions about how brokerages handle stock research in the country.
Financial regulators and politicians are bringing changes to the Wall Street job market, according to these experts.
The number of billionaires living in Britain has risen at its slowest pace since the financial crisis after some of the country’s richest people saw their fortunes plummet over the past year.
The difference between an investment banker and a pigeon, the old joke went during the credit crunch, is that a pigeon can put down a deposit on a new Porsche.
Traders who have pursued a strikingly simple strategy this earnings season have cashed in big time.
If you were expecting some revolutionary zeal from HSBC's shareholders at today's AGM, you might be surprised at how easily the bank's executive pay has been approved.
British banks are set to post first quarter profits this week that are weighed down by the rising risk of Brexit, bad debt, and poor investment banking performance.
Bob Diamond has teamed up with a major private equity firm as he attempts to develop plans to mount a bid for the African operations of Barclays, the bank he ran until four years ago.
HSBC needs to do more to protect the financial system from “bad actors”, the bank’s chairman admitted to shareholders on Friday.
A senior former banker at HBOS received a string of bribes over five years – including cash, use of a credit card, luxury holidays and payments for prostitutes – in exchange for agreeing bank loans channelled to ailing business with little or no hope of recovery, a court has heard.
Pimco co-founder Bill Gross won access to some of the firm’s internal records he says will show he was forced to resign two years ago so his former colleagues could divvy up his $200m bonus among themselves.
Wall Street would have to come up with billions of dollars in additional capital in a proposed revamp of the Federal Reserve’s annual stress tests that could also scrap some provisions that lenders have criticized.