'No individuals incorrectly received a passing grade'.
The man with the golden touch.
Barclays has promoted Mark Astaire to chairman of corporate broking to take on the responsibilities of Jim Renwick, who is leaving the bank, according to a person with knowledge of the move.
Barclays must pay legal fees for three former traders charged in the U.K. with manipulating the Libor after a U.S. judge rejected the bank’s request to toss the suit because the trio had failed to show evidence of retaliation.
Deutsche Bank will pay $2.5m to settle U.S. regulatory claims that the bank repeatedly violated reporting requirements for derivatives and neglected to fix the problem until being told of a government investigation.
Goldman Sachs’s top two executives in Russia are leaving, part of an overhaul of its management in a country mired in its first recession in six years.
Bank of America is cutting about 200 jobs in its trading and investment-banking units around the world, including dozens in the U.S., after CEO Brian Moynihan pledged to trim expenses amid a decline in trading revenue, according to a person familiar with the decision.
Herve Falciani - whose data leak spawned global investigations into how HSBC allegedly helped clients avoid taxes - won’t appear in person to defend himself against charges of violating bank secrecy laws and risk arrest.
Global debt capital markets activity falls 13%.
Global ECM activity falls 5% as third quarter issuance falls 55%.
UK Target M&A Accounts for 4% of Worldwide Total, Lowest Percentage on Record; UK IB Fees Fall 22%
Stock market flotations by British companies have slumped in 2016 because of fears about the outcome of the referendum on EU membership and the slowing economy.
Two of Abu Dhabi’s biggest banks are in talks to merge, in a move that would create the biggest bank in the Middle East.