Morgan Stanley is restructuring the investment management business by moving executives into new roles, the bank said in a memo on Thursday, as head Dan Simkowitz looks to improve the unit's structure.
Royal Bank of Scotland Group (RBS) has said losses narrowed to just under £2bn last year - an improvement on its £3.5bn loss in 2014, but still its eighth consecutive year of losses.
The European Commission has decided new rules on bankers’ bonus caps will have to be applied more flexibly or redrafted, City A.M. understands.
Workers looking for jobs in 2035 might consider retraining as remote-controlled vehicle operators or online chaperones.
Royal Bank of Scotland's chief executive Ross McEwan is to give up half of his £1m allowance to charity for the third year in a row amid an annual pay row at the bank.
A top level restructure at one of the Big Four accountancy firms will see close to 50 partners shown the door.
The Singapore Exchange is in preliminary talks to buy London's iconic Baltic Exchange as the city-state seeks to expand and bolster its traditional influence in the shipping and commodities business amid increasing competition from Shanghai.
Bonus test case ?
Sad to report.
Variable pay is falling.
UBS' Dawn Fitzpatrick said that the markets are overly focused on central banks and should pay more attention to political catalysts.
A new firm at the top.
Warren Buffett had $1.4bn wiped from his fortune Tuesday after Wells Fargo fell 3.3% as the fallout continued from revelations that bank employees had opened more than 2m accounts without clients’ approval.