A Wells Fargo employee who made national news last year when he copied thousands of his co-workers on an email asking CEO John Stumpf to give all of them a raise is moving on.
Barclays must release millions of dollars in deferred pay to former derivatives trader Mayank Chamadia who claimed the bank unfairly withheld compensation after he left the firm.
Bank of America Merrill Lynch has hired Michael Wise, a banker specializing in equity sales for financial institutions, as a vice chairman of global equity capital markets, the firm announced in an internal memorandum on Monday.
M&A any European involvement, announced deals.
The U.S. Department of Justice is pressing for Citigroup’s main banking subsidiary to plead guilty to a felony tied to the rigging of foreign-exchange markets, according to two people briefed on the matter.
Commerzbank and government lawyers gained federal court approval of a $1.45bn agreement to defer prosecuting the lender for violating U.S. laws, including sanctions on doing business with Iran and Sudan.
Argentina has suspended the head of Citibank's local subsidiary after the bank said it would stop processing payments on Argentine bonds caught up in a messy US court battle.
The World Economic Forum has named its "Young Global Leaders" - including many financial types - and expect them to be forces for global good.
Inside a lobby at Google’s headquarters in Mountain View, California, beside a rank of 1990s arcade machines, a laminated sign asks people to “Please Be Googley”.
Mizuho Financial Group plans to hire as many as 200 people from Royal Bank of Scotland in the U.S. as part of its deal to buy loans from the lender, a person with knowledge of the matter said.
Schroders is preparing to refresh its board with two new non-executives this year as part of an olive branch to investors concerned about the unorthodox decision to appoint the wealth firm’s long-standing chief executive Michael Dobson as chairman.
Credit Suisse became the second global bank to be penalised in Japan for leaking information about a company’s earnings, amid a regulatory probe that has raised questions about how brokerages handle stock research in the country.
Financial regulators and politicians are bringing changes to the Wall Street job market, according to these experts.