Thomas Doster, the head of Morgan Stanley’s principal investment business, is preparing to start a money management firm that will purchase assets from the bank.
Citigroup’s move to simplify the legal structure of its banking operations in Europe will probably place it under direct supervision by the continent’s central bank for the first time, said two people with knowledge of the matter.
Deutsche Bank’s Japanese brokerage unit faces regulatory penalties for the second time in two years after the nation’s securities watchdog found that the firm improperly shared information about a company’s earnings with clients.
The Australian arm of Credit Suisse hired the long-standing head of equity capital markets at rival investment bank UBS, Simon Cox, a spokeswoman said.
Britain’s top cybersecurity experts are billing major companies more than £10,000 a day to protect vulnerable IT systems from sophisticated hackers, according to recruiter Manpower.
Barclays won the dismissal on Monday of a Saudi real estate company's $10bn lawsuit alleging the bank ceased pursuing lease payments due from the Saudi government on military complexes in order to obtain a banking licence.
China’s biggest bank, Industrial & Commercial Bank of China, said it punished 137 staff for breaches of Communist Party discipline, such as accepting gifts or starting their own businesses, as a corruption crackdown sweeps through the nation’s finance industry.
Gordon Brown is to join the former central bankers Ben Bernanke and Jean-Claude Trichet on a new five-strong new global advisory board established by the international investment firm Pimco in his first role in the private sector since resigning as prime minister in 2010.
The value of mergers and acquisitions has hit an all-time high following the $13.9bn takeover of the US coffee company Keurig Green Mountain by Germany’s Reimann family.
Traders are watching out for headwinds from the energy market as well as the reactions across markets as they countdown to the Federal Reserve's rate meeting next week.
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.