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.
China's biggest brokerage, Citic Securities, had overstated its derivative business by $166bn from April to September, according to the country's securities association.
Deutsche Bank’s Swiss unit agreed to pay $31m to receive a non-prosecution agreement in a U.S. probe of banks in Switzerland that helped Americans evade taxes.
“I have no idea why I was offered a contract with a bonus in it because I promise you I will not work any harder or any less hard in any year, in any day, because someone is going to pay me more or less.”
European banks are sitting on bad debts of €1tn – the equivalent to the GDP of Spain – which is holding back their profitability and ability to lend to high street customers and businesses.
The firms' strategists forecast the year to end right about where it began, with the S&P 500 stuck at 2,100.
Managers need to slow the bonus process.
'It’s not entirely business as usual'.
Morgan Stanley has hired a team of private-wealth advisers from Credit Suisse who advise on more than $5bn in assets.
London’s financial lobby group warned that the city’s status as the world’s pre-eminent financial hub could be undermined if the U.K. loses the right to sell its services freely within the European Union as doubts mount over Britain’s ability to retain full access to the trading bloc.
JPMorgan’s contract to provide debit cards to inmates released from federal prison may have backfired after a former convict raised a ruckus.
J.P. Morgan on Tuesday appointed Rossano Nonino as Chief Investment Officer for real estate in Brazil, the office for which is based in Sao Paulo.