Sad to report.
Deutsche Bank is freezing 2015 cash bonuses for current and former management board members while German regulator BaFin reviews the bank's role in an interest rate manipulation scandal, two people familiar with the matter said.
Bank of America shareholders will get the chance to vote on whether the lender’s board should have allowed CEO Brian Moynihan to add the chairman title last year.
The Carlyle Group, one of the top private equity firms on Wall Street, has seen one of its funds sustain hefty losses because of the washout in raw materials, the Wall Street Journal reported late Friday.
Mansoor Mohi-uddin, UBS Group AG’s former global head of foreign-exchange strategy, and Gareth Berry, who worked with him at the Swiss bank, began new roles at two different firms in Singapore Monday.
HSBC said first-half profit at its investment bank dropped 5.6% as legal expenses overshadowed an increase in revenue from foreign exchange and equities.
Goldman Sachs increased its estimate for reasonably possible legal costs in excess of reserves by 55% to $5.9bn.
Cross-Border M&A activity totals $913.5 billion, up 23% compared to YTD 2014 levels
Royal Bank of Scotland and Lloyds Banking Group are the two major U.K. banks most exposed to the commercial real estate market, which poses a risk for banks after asset managers froze withdrawals from property funds, JPMorgan Chase said.
Deutsche Boerse signalled on Tuesday that the headquarters of the European giant to be created from its merger with the London Stock Exchange Group may have to be outside the United Kingdom after the Brexit vote.
The fallout from the Brexit vote reverberated through the markets on Tuesday as two more City property funds barred investors from withdrawing their cash and the Bank of England warned that risks to the financial system had begun to “crystallise”.