Citigroup said additional government authorities have started probes of possible breaches of anti-money laundering laws at its Banamex USA unit.
Philip Hampton will step down as Director and Chairman of RBS with effect from 31 August 2015. Howard Davies will join the Board at the end of June and assume the role of Chairman from 1 September 2015.
Morgan Stanley said it reached an agreement in principle to settle mortgage-backed-security-related claims with the Department of Justice.
The chief executive of Royal Bank of Scotland (RBS) has said he will hand back £1m of his annual pay package.
On a normal balance sheet, there’s a profit and loss account.
JPMorgan, the world’s biggest investment bank, lowered its target for returns at that business and plans to cut $2.8bn in costs because higher capital requirements are crimping profit.
HSBC is suffering “horrible reputational damage” as a result of the exposure of the systematic aiding of tax avoidance in its Swiss subsidiary, the bank’s chairman has conceded before MPs.
Deutsche Bank has hired Steven F. Reich, a former official at the U.S. Department of Justice and attorney for former President Bill Clinton, as its general counsel for the Americas as the firm seeks to resolve legal probes.
The nascent industry of bitcoin derivatives got a high-profile boost on Wednesday, as a London-based trading platform was launched by ex-employees of some of the world's leading investment banks.
Two more suspended at RBS.
Funds are cutting allocations to Europe and Japan equities as fears grow that central banks' easing efforts will fail, Bank of America-Merrill Lynch's fund manager survey for April showed.
A Munich judge said prosecutors pursuing Deutsche Bank executives in a year-old criminal trial related to the collapse of Leo Kirch’s media empire have failed to prove the charges as the proceedings move to the final stages.
The Financial Conduct Authority (FCA) has announced Tracey McDermott, its acting chief executive, will leave at the beginning of July.