A Spanish renewable energy group has collapsed into insolvency protection, it said on Wednesday, just months after US investment bank Citi led a €100m (£70m) share sale to raise funds for the group.
Up to 1,000 job losses are expected to be announced at Lloyds Banking Group in the latest attempt by the bailed-out bank to cut costs and bolster profitability.
Banking is reaching an “Uber moment” in which technological advances will lead to hundreds of branch closures and a possible halving of the number of staff employed in the sector, the former chief executive of Barclays has warned.
HSBC is attempting to address the lack of gender equality at the top of its operations by setting a target for equal numbers of women and men in senior roles in its UK arm.
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A Goldman Sachs employee hired to develop surveillance systems to detect illegal behaviour was sued by the SEC for allegedly helping himself to inside information and trading on it.
The former chairman of China’s Founder Securities and its joint venture with Credit Suisse was released a few months ago from police custody after going missing in January, said a person with knowledge of the matter.
Deutsche Bank appointed Berthold Fuerst and Richard Sheppard co-heads of mergers and acquisitions for Europe, Middle East and Africa, according to an internal memo.
The fallout from the Brexit vote reverberated through the markets on Tuesday as two more City property funds barred investors from withdrawing their cash and the Bank of England warned that risks to the financial system had begun to “crystallise”.
Two more property funds have suspended trading Tuesday as investors pull their money out of UK commercial property.
The problems facing the Italian banks could cause Italy to become the next country to try to leave the European Union, strategist Brian Jacobsen said Tuesday.