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BofA CEO faces Chairman vote

Bank Of America Corner Signs

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.

Commodities washout hits Carlyle Group: Report


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.

Former UBS currency strategists resurface


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.



RBS building

RBS & Lloyds most exposed to commercial property

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.

Property funds halt trading as Brexit fallout deepens

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”.