UBS plans to scale back its wealth-management activities in Moscow that serve clients who deposit their funds offshore as the bank streamlines operations in some emerging markets, according to two people with knowledge of the decision.
Goldman Sachs is reducing the size of its investment-banking team in Singapore by about 30% compared with the start of the year, people with knowledge of the matter said.
Barclays paid CEO Antony Jenkins his first bonus since taking the job in 2012 as the bank reported an increase in annual profit.
Finally, young bankers are feeling the love.
But still likely to provoke a row.
Barclays delivered pre-tax profit for last year that beat market expectations, as it set aside more money for potential fines.
Nomura has announced a new senior management lineup effective April 1, 2015.
The Bank of England has come under attack for failing to properly investigate its role in the rigging of foreign exchange markets.
British Airways has held on to its title as the UK’s leading consumer ‘superbrand’ as some of the oldest and most trusted household names including Cadbury, Heinz and Marks & Spencer dropped out of the list of favourite brands.
The UK has moved up a “women in work” league table after the economic recovery helped cut female unemployment, but it still lags well behind Nordic countries when it comes to overall empowerment of women in the workplace.
Jason Goldberg, Barclays senior analyst, discusses the banking sector going into earnings season and why big banks are still valuable.
Goldman Sachs awarded CEO Lloyd Blankfein a $7m bonus to be paid out over eight years if the firm meets certain targets, bringing his total compensation for last year to $30m.
An ex-Barclays trader accused of fixing a key financial benchmark for personal gain stood to earn a bonus of only $172.50 for his role in alleged rate-rigging in 2007, a London court heard on Friday.