BNY Mellon has said it included an additional after-tax legal expense of $598m to its reported fourth-quarter results, anticipating resolution of foreign exchange-related actions and other matters.
The Swiss government said on Wednesday it would lay out tougher capital requirements for UBS and Credit Suisse by the year-end, in order to protect them against future crises.
French investigating magistrates have issued arrest warrants for three former Swiss managers at UBS in connection with their investigation into whether the bank helped tax dodgers, a judicial source told Reuters on Tuesday.
From RBS banker to entrepreneur.
Swiss police are searching offices of the Geneva subsidiary of HSBC bank in an inquiry into alleged money-laundering.
Credit Agricole posted fourth-quarter profit that beat analysts’ estimates on higher earnings at the investment bank and lower provisions for doubtful loans.
Nomura has announced plans to reorganize three core companies in its Asset Management division: Nomura Asset Management (NAM), Nomura Funds Research and Technologies (NFR&T), and Nomura Private Equity Capital (NPEC).
FXCM, the foreign currency broker hammered by the Swiss National Bank's decision to remove its cap on the franc's value last month, will stop trading selected currencies this week to protect against potential volatility caused by future central bank moves.
Bankers' pay have come under renewed scrutiny following the storm surrounding the European Union's move to cap bonuses , but a new report shows that around the world pay at the big institutions has fallen sharply since the onset of the financial crisis - while asset manager salaries have climbed steadily.