You can check out any time you want - but never leave.
Regulations surrounding bankers' pay, particularly the EU bonus cap, have lead to fixed salaries representing a higher proportion of total pay packets, meaning financial institutions are less capable of reacting to a downturn, the Bank of England has warned.
Could be 'even worse than 2008 during the financial crisis'.
Credit Suisse has hired Andreas Arni to head a new unit that focuses on entrepreneurs as it expands the business of managing money for the wealthy.
Jefferies Group whose trading results are seen as a bellwether for Wall Street firms, said fourth-quarter revenue from that business fell 36% as fixed-income sank for a fourth straight quarter.
Julius Baer has announced that it has agreed to acquire Commerzbank International SA Luxembourg (‘CISAL’), a well-established and fully-licensed private banking franchise with close to EUR 3bn ($3.23bn) assets under management, from Commerzbank.
Labour and Liberal Democrat peers have narrowly failed to overturn government proposals to push through banking regulations they claim will make it easier for senior bankers to escape prosecution following a financial crash.
Sad to report.
Few see Christmas as the most wonderful time of the year.
Nomura's overseas business remains on track to return to profit by March for the first time in seven years despite Britain's vote to leave the European Union, its chief operating officer said.
A campaign to raise legal fees for former trader Tom Hayes has recently broken the £25,000 mark.
As uncertainty from the UK's referendum on EU membership continues to plague the banking sector, Deutsche Bank's chief economist is calling for a bailout of Europe's banks.