UBS has beefed up compliance for its Australian business after the country’s securities regulator ruled the bank’s controls covering its research department were inadequate.
Regulation, anaemic economic growth and technology changes will force banks across Europe to find more savings in 2016, with jobs likely to be the biggest casualty, according to investors and analysts.
Tom Hayes, the former UBS and Citigroup trader found guilty of manipulating Libor, had his sentence cut to 11 years by a London appeals court.
The Serious Fraud office said on Monday it would next month charge 11 individuals accused of rigging the Euribor interest benchmark with conspiracy to defraud.
Barclays’s $150m fine has inspired the chief of one foreign-exchange platform to change its rule book, a sign of how regulatory action is reshaping the world’s biggest market.
House prices in some parts of the UK could increase by as much as 8% in 2016 as the recovery that has taken hold in London ripples out across the country.
Goldman looks for people who can adapt and step out of their comfort zone.
Equities, back and middle office.
The bonus cap will receive no exemptions.
Robert MacNaughton, head of distressed debt trading in the U.S. for Credit Suisse, is leaving the bank after more than 15 years, according to a person briefed on the move.
Earlier this year, an analyst asked Citigroup Chief Executive Michael Corbat what he would do if activist investors tried to shake things up after what seems like eons of underperformance.
Activists are eyeing Wall Street banks, but they should probably back off when it comes to the Oracle of Omaha.
Bank of America cancelled an investor trip to Venezuela planned for next month because of security reasons, making it the second bank to do so in a span of weeks amid rising social tensions in the nation.