Deutsche Bank is considering buying back some of its bonds amid concerns that the bank will struggle to make payments on its riskiest debt. The shares jumped.
The chief executive of Credit Suisse has said the sell-off in banking shares in unjustified, as he seeks to shore up confidence in his company and the wider sector after fears about lenders’ financial strength cause heavy share price falls across Europe.
Goldman Sachs has named Konstantin Shakhnovich to lead an effort to combine automated trading operations from different units and desks as the firm looks to improve coordination and efficiency.
Banking shares have come under pressure this week as investors express fears that the sector will be badly hit by a global economic downturn.
Goldman Sachs has scaled back on FICC trading operations and boosted hiring in compliance in the wake of the financial crisis.
Barclays has poached Paul Compton from JP Morgan Chase to act as its new group chief operating officer.
Total giving by the top 50 philanthropists in America dropped 30 percent last year, totaling $7 billion, and marking the lowest amount since 2010.
The number of homes sold in the capital fell almost 10 per cent to just 103,772 in 2015, the first drop in four years, figures published today showed.
Growing anxiety about whether banks can withstand continued low interest rates and fears of a re-run of the 2008 financial crisis continued to stalk markets when shares fell to a three-year low and bank shares remained volatile.
Consigned to history.
Goldman Sachs “crossed the line and established a close, trusting, personal relationship” with officials during Moammar Al Qaddafi’s regime, lawyers for Libya’s $60bn wealth fund said in closing arguments during the final week of a London trial.
London's investment banks are continuing to take a wait and see approach to the UK’s decision to quit the European Union more than one month after the vote.
A venture capital fund seeded by Steve Cohen is putting as much as $250 million into the start-up Quantopian.