Deutsche Bank, the bank with the highest legal bills in continental Europe, said Richard Walker will retire as the company’s general counsel at the end of the year at his own request.
Goldman Sachs seized on Japan’s buoyant stock market and local companies’ appetite for mergers to become the only large foreign investment bank to boost revenue, profit and headcount there last fiscal year.
Standard Chartered bank is pulling out of a vast coal mining project in Australia that critics say threatens endangered species and could wreck international efforts to contain global warming.
Prudential Financial’s investment-management subsidiary agreed to buy a unit from Deutsche Bank to expand in India.
Every single bullish case for commodities appears to have been proven wrong.
The Chairman does not want to see bare toes or t-shirts in the office.
Royal Bank of Scotland is preparing to hand out shares worth an estimated £2.5m to its 10-strong management team.
This week’s 14-year prison sentence for Tom Hayes, the former UBS and Citigroup trader convicted of conspiracy to defraud, was a landmark moment in the cleanup of the City after the financial crisis.
Daniel Caplan and Simon Kempton, senior figures in Deutsche Bank’s prime finance operation, are leaving the company, according to two people with knowledge of the matter.
UBS shut down a feeder fund that provided wealthy clients access to billionaire investor John Paulson's Advantage fund due to the high cost of operating that portfolio, two sources said last week.
The memo landed on a Sunday in November. It was 2007, and securities backed by subprime mortgages were roiling markets and imperiling banks. Merrill Lynch CEO Stan O’Neal had just resigned under pressure, and Citigroup CEO Chuck Prince was rumored to be on his way out.
More senior staff are expected to be on hand during the night.
At issue is whether Goldman violated the law when it didn't inform regulators about a potentially suspicious transaction involving 1MDB, the Wall Street Journal reports.