Nomura missed its goal of returning to profit outside Japan last fiscal year, people with knowledge of the matter said.
Standard Chartered missed analysts’ first-quarter profit estimates, with all but one division reporting lower earnings in the period.
Alliance Trust, one of the UK’s oldest investment firms, has reached an 11th-hour compromise with its rebel investor Elliott Advisors, which had been pushing for change at the company.
Fund manager assets in Europe are slowly catching up with their U.S. counterparts after a 15 percent jump in money under management in the currency bloc, and it looks as though the European Central Bank's bond-buying program can only help the industry.
It was 1992 when the Hong Kong and Shanghai Banking Corporation burst on to the UK banking scene by taking over Midland bank. It was an audacious bid that not only put HSBC on the map in Europe but forced the bank to relocate its head office from Hong Kong to London.
A British exit from the European Union could cost the UK as much as €300bn (£215bn), or 14% of GDP, according to a German study.
It's every company's nightmare: Friday afternoon and your stock starts tanking without explanation.
'It’s definitely going to hurt'.
Getting back to its roots.
Harris Poll's EquiTrend survey asked 38,000 consumers about three factors of about 1,400 brands: familiarity, quality and consideration.
After a tough first quarter, M&A activity is picking up again, said John Waldron, co-head of the investment banking division at Goldman Sachs.
When it comes to bankers’ pay, fairness is very much in the eye of the beholder.
Deutsche Bank’s head of Russian operations, Pavel Teplukhin, will step down in August as the lender scales back its local business in the wake of a money-laundering scandal.