UBS is adding to its ranks of senior investment bankers in Asia for the first time since the global financial crisis, seeking to wring market share in dealmaking away from competitors that are reorganizing.
Standard Chartered CEO Bill Winters bought $1.5m of shares in the bank, a week after seeking $5.1bn from investors and unveiling his revised strategy for the Asia-focused firm.
Deutsche Bank has won a bid to have a lawsuit filed by an ex-trader seeking a $7.6m bonus thrown out by a London judge who said the case had no 'real prospect of success'.
Morgan Stanley defeated claims by Russian tycoon Oleg Deripaska that it used inside information about his failing $1.5bn investment in an auto-parts maker to illegally profit from its own short selling.
When something cataclysmic occurs in the world, especially in America, you can bet your money that Hollywood will eventually step in to revisit it on screen.
European and Asian stock markets were expected to fall sharply on Monday amid fears that the terror attacks in Paris would hurt Europe’s economic recovery.
Former HBOS bosses who will be heavily criticised this week over their role in the bank’s near-collapse are likely to escape fines because regulators’ report into the matter took so long to complete.
Barclays has agreed to pay $120m to settle private U.S. litigation accusing it of conspiring with rivals to rig the benchmark interest rate known as Libor, lawyers for the plaintiffs said on Friday.
The Department of Justice has announced that Standard Chartered Bank (Switzerland) SA, en liquidation (SCB Switzerland), reached a resolution under the department’s Swiss Bank Program.
Sad to report.
At 3am on June 24, the alarm of one of JP Morgan’s most senior London bankers rang loudly. Vis Raghavan, deputy chief executive and head of banking for JP Morgan’s EMEA division, had set it just in case Britain had made what many bankers believed would be an unthinkable decision to leave the European Union. Within the hour, it became clear that what had seemed impossible just a day ago, was now a certainty.
Britain is paying the price for a high level of inequality and a chronic lack of investment in education which have prompted a disillusioned population to vote to leave the European Union, Credit Suisse Chief Executive Tidjane Thiam said on Sunday.