Deutsche Bank, the firm that has paid more than $9bn in fines and settlements since the financial crisis, expects to resolve the largest of its legal cases in coming months, co-CEO John Cryan said.
Credit Suisse has been dragged into a second criminal complaint brought by two Russian clients who claim that a former manager in the bank’s wealth management unit made unauthorized transactions to cover up trading losses.
Barclays is restructuring its management as part of a wider overhaul announced under Chief Executive Officer Jes Staley to comply with new U.K. rules and bolster profitability.
One-time high-flying hedge fund manager Phil Falcone, plotting a comeback after a securities industry ban, told CNBC Tuesday he considers his integrity of "utmost importance," and said he's trusted by people who know him.
A former Deutsche Bank trader has been banned from working in the UK's financial services industry following a criminal conviction for fraud in the US.
New Barclays boss Jes Staley received a frosty reception in the City yesterday, as investors rejected his case for slashing dividends, sending the bank’s share price down by more than 10 per cent and wiping £2.3bn off its market value.
Michael Dobson, chief executive of asset manager Schroders, is to announce he is stepping down tomorrow, according to reports.
Luke Thorburn, the only Goldman Sachs employee who donated to Donald Trump’s presidential campaign in the second half of last year, has been placed on administrative leave, according to a person with knowledge of the decision.
Adding equity staff to bolster fee income as negative interest rates weaken lending profitability.
Barclays boosted severance packages for equities employees dismissed in Tokyo last month, adding the equivalent of three months of pay to some of the 80 workers affected who had rebuffed initial offers, people familiar with the matter said.
Pimco escalated its legal battle with estranged co-founder Bill Gross by saying he leaked confidential pay information to the media and may have destroyed documents in violation of court rules.
Hong Kong's securities regulator said on Wednesday it fined and reprimanded HSBC for regulatory breaches and internal control failings related to its position in the futures and options contract market.