Sad to report.
Variable pay is falling.
HSBC has hired Matthew Westerman from Goldman Sachs to help run its investment-banking business.
UBS, Natixis and four other banks and brokerages agreed to pay just over $100m to settle investor claims that they conspired to rig prices for municipal securities.
Britain's biggest banks narrowly avoided a major legal challenge today, when a High Court judge dismissed a case relating to the mis-selling of rate swap products.
Lloyds Banking Group has given its chief executive an £8.5m pay deal as the bailed-out bank reported a 7% fall in profits, but also announced a special dividend payout to shareholders.
Panmure Gordon has replaced its chief executive Phillip Wale with deputy Patric Johnson after a tumultuous year that’s seen the bank’s share price drop by over 60 per cent.
European regulators will test banks’ financial strength against two years of economic contraction, falling commodity and property prices and further regulatory fines as fears mount over lenders’ ability to withstand shocks.
Chancellor George Osborne is getting ready to put a former City banker in charge of selling off the government’s shares in Lloyds Banking Group and the Royal Bank of Scotland (RBS).
2015 was a volatile year for hedge funds. Still, there were some bright spots.
Royal Bank of Scotland is yet to decide whether to pass on the Bank of England’s cut in interest rates to its borrowers in a move that risks a row with its governor, Mark Carney.
Royal Bank of Scotland (RBS), one of the U.K.'s "big four" banks, posted a massive £2.045 billion ($2.7 billion) net loss for the first six months of 2016 on Friday.
Jim Cramer spoke with Phil Knight on Nike’s rise to the top, and how he succeeded in the face of adversity.