Bank of New York Mellon has posted a five per cent increase in first-quarter profit due to heavy cost cutting and the US interest rate hike in December.
To see how Wall Street has changed over the past decade, look to Goldman Sachs under Lloyd C. Blankfein.
Credit Suisse, the lender overhauling its investment banking unit, hired ex-Deutsche Bank executive Henrik Aslaksen to handle some of its biggest clients.
Citigroup agreed to accelerate the $2bn purchase of its headquarters complex in Manhattan’s Tribeca neighborhood, moving up the planned completion date by a year and a half.
Hedge funds suffered the worst withdrawals last quarter since the tail-end of the financial crisis as wild swings in stocks and commodities caused losses at some of the best-known firms.
Lloyds Banking Group is poised to announce hundreds of redundancies today as part of a restructure that will result in a 10 per cent reduction in headcount.
Harriet Tubman, the anti-slavery campaigner, is set to appear on the front of the $20 bill, becoming the first woman to be the face of a bill of US currency.
The City of London Corporation has sounded another warning over Brexit, this time regarding its impact on the City's role as an international financial centre.
Sad to report.
Nick Taylor, BNP Paribas’s head of credit trading for central and eastern Europe, the Middle East and Africa, is leaving the bank, according to a person with knowledge of the matter.
There is some pent-up anger and it's coming to roost on Wells Fargo, former FDIC Chair Sheila Bair said.
Ken Moelis, the former UBS executive who took Moelis & Co. public two years ago, said he’s keeping in mind the lapses of giant investment banks as he works to build his boutique.
Tidjane Thiam, the former Prudential chief now running Credit Suisse, won’t be thanked by his counterparts at Deutsche Bank for saying so at this moment, but he is correct: big European banks are “not really investable” and the industry is in a “very fragile situation”.