Jonathan Webb, head of foreign-exchange strategy at Jefferies Group, has left the firm, according to a person with direct knowledge of the matter.
Barclays said it will boost pretax profit by about $750m after resolving a long-running asset fight with the remnants of Lehman Brothers.
Bank of America has hired Jeffrey Peek, who ran commercial lender CIT Group for six years, as an executive vice chairman in the global investment bank.
Anshu Jain spent 20 years building Deutsche Bank into a global investment bank that rivalled Wall Street's giants.
HSBC, the biggest payer of the UK banking levy, will set out on Tuesday exactly how it plans to decide whether to keep its headquarters in Britain in remarks that will be closely watched by George Osborne as he prepares to deliver his Mansion House speech the following day to an audience of top bankers.
Peter Heidinger, the former Standard Chartered banker who was scheduled to join Mitsubishi UFJ Financial Group, is instead taking a senior position with Bank of Nova Scotia.
Deutsche Bank is conducting an internal probe into possible money laundering by Russian clients that may involve about $6bn of transactions over more than four years, according to people with knowledge of the situation.
Beijing-based Da Lian Zeus Entertainment Company was the top bidder in an online auction of a steak lunch with Warren Buffett.
The cost of compensating customers, paying fines and legal bills for the world’s biggest banks has increased to £200bn, according to research to be published on Monday.
Three former UBS executives last week lost a bid to reverse their 2012 convictions for conspiring to deceive U.S. cities and towns by rigging bids to invest municipal bond proceeds.
JPMorgan expects revenue and expenses to remain about unchanged from last year as the bank waits for the benefit of higher interest rates and plows cost savings into investments, Chief Financial Officer Marianne Lake said.
A former UBS equities salesman who sought more than $1m in a lawsuit over his departure will instead have to pay the bank $42,100 because he didn’t work though his notice period.
Sad to report.