Royal Bank of Scotland is taking steps to repair its tarnished image by giving its corporate acronym a lower-case makeover and making the NatWest name more prominent in England and Wales.
One in four senior management jobs.
Speculation grows about the planned reorganisation.
Deutsche Bank’s new boss delivered a harsh message to shareholders and employees: Europe’s biggest investment bank isn’t worth what it once was and can’t pay them what they’re used to.
Raoul Weil, a former UBS banker, faces tax-dodging charges in France less than a year after he was acquitted of U.S. tax conspiracy allegations.
A former trader at JPMorgan hatched a plan with a broker at ICAP to help Tom Hayes rig Libor by buttering up the bank’s new rate setter, according to recorded phone calls played to a London jury Thursday.
Michael Curtler, a former senior trader at Deutsche Bank, admitted to conspiring to manipulate benchmark interest rates as the U.S. investigation into the rigging of Libor spreads to bankers at the lender for the first time.
Bill Gross sued Pacific Investment Management Co. and parent Allianz SE for 'hundreds of millions of dollars', claiming he was wrongfully pushed out as the bond giant’s chief investment officer by a 'cabal' of executives seeking a bigger slice of the bonus pool.
Standard Chartered can cover the $4bn capital gap expected to be revealed by U.K. stress tests without raising new money from investors, as it can generate $6bn by streamlining its retail bank and ending partnerships with other financial institutions, Goldman Sachs said.
George Osborne’s new tax on banks is facing fresh scrutiny from the Bank of England after MPs urged Threadneedle Street to consider the implications for competition in the sector.
Good news - or is it ?
Tech firms are always looking for young talent to fill entry-level positions, but it could be more competitive to get gig in Silicon Valley today, according to a report.
Morgan Stanley topped analysts' estimates for the second quarter, reporting earnings per share of 75 cents and revenue of $8.9 billion.