Deutsche Bank will struggle to revive returns because banking in Germany is structurally unprofitable and the firm has few options, according to Philippe Bodereau, a portfolio manager at Pacific Investment Management Co.
JPMorgan promoted Kurt Simon to global chairman of mergers and acquisitions and is reorganizing its technology, media and telecommunications team.
Standard Chartered has promised its new boss Bill Winters up to £6.5m in shares to cover any losses he may incur in quitting the hedge fund he was previously running.
'We are spending a lot of time on improving the conduct of our employees'.
As anyone who has worked in the banking industry will tell you, the banking sector is a complicated industry, made up of a vast cross section of society.
Jay Li calls his secret weapon the 'Bane' mask.
Bond guru Bill Gross has benefited from U.S. monetary policy for the last 30 years and is unaware that the environment that made him successful has radically changed, a fund manager told CNBC on Thursday.
Deutsche Bank has named Andrew Tusa as co-head and Neil Collingridge as vice chairman of UK corporate broking.
Meredith Whitney, who turned fame as a banking analyst into a stint running her own hedge fund, is through with managing other people’s money.
Royal Bank of Scotland has cut 2,700 jobs - around a 5% of its UK workforce - in the past four months as the bailed-out bank attempts to cut costs in its attempts to return to the private sector.
Hong Kong has been named the world’s most expensive city for expats as concerns over a possible UK exit from the EU contribute to London dropping from 12th to 17th, according to an annual survey.
All possible preparations have been made for the EU referendum, the banks keep telling us. Even the cash machines will be stuffed full, just in case an obscure continental lender chooses Friday to go bust and trigger unnecessary panic.