Longstanding allegations that women are routinely discriminated against in Silicon Valley were being aired in open court on Tuesday when a former venture capital executive began a $16m sexual discrimination lawsuit against top tech investor Kleiner Perkins Caufield & Byers.
Royal Bank of Scotland will outline plans Thursday to reduce the number of countries in which it operates by two-thirds to 13, a person with knowledge of the matter said.
"Our synergies are real," said Marianne Lake, pointing to some $15 billion in revenue and $3 billion in cost savings due to its business model.
Bank of America’s Henry Mulholland, head of equities for the Americas and a 25-year veteran of Merrill Lynch, is leaving the firm.
Royal Bank of Scotland could be broken up into 130 locally run banks and operated along the principle of the John Lewis Partnership rather than be privatised by the next government, according to a report published on Wednesday.
Douglas Flint admits to UK parliamentary committee that oversees the financial industry that he couldn't rule out further scandals.
Federal law requires JPMorgan Chase & Co to disclose Iran-related transactions, which the bank did Tuesday ... all $9 of them.
Deutsche Bank and Hewlett-Packard have announced a ten-year, multibillion dollar agreement that will further modernise the Bank’s global information technology environment and aims to significantly reduce related IT infrastructure costs.
A further restructuring ?
'The most obvious solution is to break the bank up'
Persistent misconduct and an aggressive sales culture has cost the UK’s banks and building societies £53bn in fines, compensation and legal fees over the past 15 years.
Standard Chartered is seeking to sell at least $4.4bn of assets in Asia, people with knowledge of the matter said, as the bank pares its balance sheet after booking record impairments.
After the worst start to a year since 2008, hedge funds repaired some of the damage in March as investments in equities, fixed income and commodities fueled the best monthly gains in two years.