It's getting tougher out there.
Credit Suisse is reviewing its pay structure for 12 top executives after scrapping profitability targets under a strategy introduced by new CEO Tidjane Thiam.
Aberdeen Asset Management is likely to make four or five smaller acquisitions in 2016, its CEO said, once a downturn in its key Asian and emerging markets ends.
Brokers at ICAP ran an elaborate, four-year con on Tom Hayes, tricking the former UBS trader into believing they were helping him rig Libor, a former employee accused of conspiring with Hayes told London jurors.
Royal Bank of Scotland CEO Ross McEwan left it open as to whether he’ll take his first bonus since joining the bank in 2013
Macquarie Group will have to face the fraud and defamation claims of an executive who says the bank ousted him from running Advantage Rent A Car after they teamed up to buy the business from Hertz Global Holdings.
When Antonio Peña Arguelles opened an account in 2005 at Citigroup’s Banamex USA, the know-your-customer documents said he had a small business breeding cattle and white-tailed deer, ranch-raised for their stately antlers. About $50 a month would come into the account, according to the documents.
A slowdown in China has sent commodity prices swooning and dealt a blow to global growth. Now a stuttering recovery in the world's second-largest economy could spark the biggest shipping union in years.
The British establishment, it is often said, is capable of decisive and clear-minded action only when it is confronted by a crisis. At other times, it prefers insularity, hates self-analysis and loathes outside criticism.
U.S. Target M&A activity hits $2.0 trillion up 48% compared to a year ago
Investment banking (IB) fees plunged by more than a quarter in the UK and Ireland in the first half of 2016, new figures show.
The decision by the majority of U.K. voters to leave the European Union (EU) will not affect banking operations, the vice chairman of Barclays told CNBC, adding that the bank had been prepared for the vote.
Global Equity Capital Markets Down 46% From 2015 | China ECM: Record 20% Share | Global IPO Activity Falls 55% | Follow-On Offerings Fall to Four-Year Low | ECM Fees Down 47%