Barclays' leading candidate for chief executive officer, Jes Staley, is being interviewed Tuesday by U.K. regulators in the final hurdle to his appointment, according to two people with knowledge of the situation.
The refocusing of the Credit Suisse necessitates changes to the leadership structure resulting in a new composition of the executive team.
More victims of the Bernard Madoff Ponzi scheme could be made whole under a motion filed in U.S. Bankruptcy Court in New York Tuesday.
Barclays appears to be considering ways to defy the strict separation of its high street operations from its investment bank, in a move likely to inflame the debate over whether rules designed to prevent a second banking crisis are being watered down.
Credit Suisse, Switzerland's second biggest bank, is to raise a total of 6.05 billion Swiss francs ($6.2 billion) in fresh capital through a rights issue and private placement, as its new chief executive tries to address investors' concerns.
The NYDFS has announced that Crédit Agricole will pay $787 million and install an independent monitor for violating New York banking law.
Hedge fund performance over the past three months hearkened back to the bad old days of the financial crisis.
The $6bn trade was said to have been processed by a junior member of the bank’s FX sales team while his boss was on holiday.
Europe’s last global banks are caving in to pressure from regulators and preparing to tell investors just how much their aspirations will shrink.
Bankers and lawyers advising companies on takeovers and initial public offerings from London to New York fretted over their deals on Friday, after a British vote to leave the European Union poleaxed company valuations and executive confidence.
As the reality of Britain’s exit from the European Union set in Friday, London’s top lawyers worked to reassure anxious clients that everything was going to be fine, even if they couldn’t offer firm predictions about what happens next.
Global markets are “overreacting” to the British vote to exit the European Union, UBS’s China head Eugene Qian said, as he called on clients to stay focused on their long-term investment strategies.