The cuts will affect all major business units.
Oh, well OK.
Goldman Sachs tried to poach Thomas Hayes from UBS in 2008 with the promise of a $3m signing bonus, according to documents at a London trial.
HSBC prides itself on its global reach. But the bank may have spread itself too thin.
Deutsche Bank has hired Bank of America’s Blake Hallinan to head global investment-banking coverage for retailers.
CEO Larry Fink said last year that he’d spent 'hundreds of millions of dollars rebooting' BlackRock’s stockpicking business.
Citigroup’s first-quarter gains in trading revenue haven’t continued into the second, which looks to be holding at about the same level as a year earlier, CEO Michael Corbat said.
The former head of investment banking at UBS personally approved a $2.5m (£1.6m) bonus for the man described as the “ringmaster” of the Libor fraud scandal, a jury heard Thursday.
Dick Fuld, the chief executive who led Lehman Brothers to the largest corporate collapse in modern times, has defended the failed investment bank’s culture, insisting that it was a victim of wider market excesses and regulatory failings in his first public speech since the banking crash of 2008.
Barclays is considering replacing its corporate brokers Credit Suisse and Deutsche Bank as new Chairman John McFarlane starts to review the lender, according to a person with knowledge of the matter.
Royal Bank of Scotland has been accused of misleading a property tycoon into taking out an interest rate swap which allegedly forced his firm into financial distress, then “bullying” him when he questioned the bank’s actions.
U.S. authorities investigating corruption in world soccer have gained the cooperation of a Swiss banker, according to people familiar with the matter, leading their probe closer to financial institutions that prosecutors have said were used to move bribe money.
More than $12tn (£8tn) has been siphoned out of Russia, China and other emerging economies into the secretive world of offshore finance, new research has revealed, as David Cameron prepares to host world leaders for an anti-corruption summit.