HSBC has named JPMorgan’s Pablo Sanchez as head of retail banking and wealth management in the U.S. and Canada.
A Manhattan federal judge on Tuesday questioned why a former UBS trader's bid to dismiss a criminal case accusing him of scheming to manipulate the Libor rate should even be considered when the U.S. government calls him a fugitive.
Barclays has hired Richard 'Rick' Sherlund as chairman of software banking after he spent more than 20 years as an equity analyst.
The City of London’s costliest rogue trader has been freed from prison almost halfway through a seven-year sentence for Britain’s biggest fraud.
Emolument.com has analysed salaries and bonuses from 1,211 Front office Analysts Year 1-3 (junior bankers) working in Europe and the USA.
The most senior bankers in the City may have to wait 10 years to guarantee that their bonuses will not be clawed back, as a result of a series of measures intended to rebuild public trust in the financial services industry.
The CME Group said it would delay the closure of outcry futures trading in Chicago and New York by a few days.
Sir Howard Davies, incoming chairman of the Royal Bank of Scotland, said on Tuesday that he saw his task at the bailed-out bank as ensuring that it achieved its “hugely important economic functions as efficiently as possible”.
A practice that's supposed to reduce risk in capital markets could, in some cases, actually amplify problems, Gary Cohn, Goldman Sachs president and chief operating officer, warned Tuesday.
Bond salesman Giovanni Lombardo said his bosses at Nomura made him a scapegoat as he pleaded with a client whose failed trades eventually cost the bank $40mi.
Shareholders at Germany's Deutsche Bank have signalled their distaste for the company's pay plan, with a vote against remuneration proposals at the group's annual meeting in Frankfurt.
Barclays will learn whether fraud prosecutors intend to file charges related to its $10.2bn fundraising from Middle Eastern investors by early next year, lawyers for the Serious Fraud Office told a London court.