Mergers between U.S. banks could hit the highest level in a decade this year, Rafferty Capital's Richard Bove told CNBC on Thursday.
Wall Street giant JP Morgan seems to have weathered market volatility, with revenues and profits both up from last year. Share price was up 2.02 per cent in pre market trading in New York, to $58.50.
Former Barclays currency trader Chris Ashton lost a complaint over whether he had been improperly identified in settlements related to the foreign-exchange scandal, handing the U.K. financial regulator its first win in a series of disputes over the issue.
JPMorgan has hired Marc Pandraud from Deutsche Bank as chairman of investment banking for France and Belgium, according to a memo seen by Reuters on Thursday.
Two former foreign exchange traders will this month sue their former employers Barclays and Citigroup for unfair dismissal at a London court.
Fancy buying a £300,000 gold bar? And need somewhere safe to keep it? London’s first one-stop shop for those who want to buy gold bullion is opening its doors in Mayfair, offering investors the chance to buy coins and bars and pop them straight into a safety deposit box – all in the same elegantly decorated showroom.
BNP Paribas will outsource its Asian equities trading platform to global electronic brokerage Instinet to save costs as part of a broader overhaul of its regional cash equities business, both companies told Reuters.
Nick Clegg was paid £22,500 by Goldman Sachs for a two-and-a-half-hour speech and presentation on the EU, it has emerged.
Hedge funds posted their lowest annual returns in 2015 in four years, according to data from investment research firm, Eurekahedge.
HM Revenue and Customs has wound up its inquiries into claims that hundreds of British customers used HSBC’s Swiss bank to evade tax, a senior official has admitted for the first time.
What’s the cost of having to raise money quickly by selling London real estate?
Excessive boardroom pay risks undermining public trust in big business, the accountancy regulator has said in a report calling for a concerted effort to increase trust in the way that companies are run.
The cost of fines, legal bills and customer compensation racked up by the world’s 20 biggest banks over the five years to the end of 2015 amounted to £252bn, according to new research.