The Following are excerpts from a CNBC interview with Julia Chatterley, and Tidjane Thiam, CEO of Credit Suisse.
But investment bank remains 'core to our strategy'.
Morgan Stanley, the Wall Street firm retrenching in bond trading to improve returns amid an industry wide slump, has named Steve Zamsky chief operating officer of its fixed-income and commodities business.
Credit Suisse has posted its first annual loss in eight years, with the bank warning that it is "not clear" when financial markets will start to rebound.
Brits have been working fewer hours in the last year, reversing the hard slog of the economic downturn.
Wells Fargo agreed to pay $1.2bn to resolve claims related to its Federal Housing Administration mortgage practices.
The chairman of the Treasury committee has stepped up the pressure on the accounting watchdog over its examination of KPMG’s auditing of the failed bank HBOS.
No wonder it's difficult to get candidates with good quant skills. Enjoy!
Barclays will dismiss about 150 staff in Dubai as it restructures its Middle East corporate banking business, a person with knowledge of the matter said.
Investors have seen their interest income squeezed as global bond yields plunge. On the flipside, governments aren't complaining.
Bank of America Merrill Lynch has appointed Philippe Chryssicopoulos as its head of power, utilities and renewables investment banking for Europe, Middle East and Africa, according to a memo seen by Reuters.
American banks could be the real beneficiaries of major European institutions paring down.