Anshu Jain, Deutsche Bank's co-chief executive officer, Tuesday made a pledge for remaining a global investment bank, saying that European companies will increasingly need these amid tighter bank rules.
Royal Bank of Scotland was sued by an analyst who said his mental health suffered after his bosses tried to stop him from revealing that a client allegedly falsified a cash-flow statement.
Wells Fargo left Chief Executive Officer John Stumpf’s pay unchanged at $19.3m after the firm generated a bigger profit than any other U.S. bank for a second straight year.
The asset management firm Henderson has paid its staff £143.6m [$210.6m] in bonuses for last year, increasing variable pay by more than 11% as fund inflows and profits improved.
Company leaders should embody the principles of ethical conduct, as big business remains “in the dock”, Stephen Green, the former boss of HSBC, told a City audience in his first public speech since the bank was engulfed in a tax-avoidance scandal.
The administrators of a top deep-web marketplace have disappeared with over $12m worth of the cryptocurrency Bitcoin, it emerged last night, in what appears to have been an “exit scam”.
Citibank said it will quit the custody business in Argentina after a U.S. judge refused to let the bank process local bond payments just weeks before a March 31 deadline for the nation to pay bondholders.
U.S. prosecutors investigating currency manipulation are considering revoking years-old settlements and prosecuting banks for rigging interest rates, according to people familiar with the matter.
U.K. Chancellor of the Exchequer, George Osborne, has unveiled a £22 billion ($32 billion) sale of U.K. bank assets owned by the government.
Where are you better off at entry level, mid-career and later in your working life ?
Bank of America has appointed Jiro Seguchi to head its brokerage and banking units in Japan from June 1, replacing Tim Latimore.
A secret London vault, which can store more than $80bn (£57bn) in gold bullion, is being sold by Barclays to China’s ICBC Standard bank for an undisclosed sum.
Bank of England Deputy Governor Andrew Bailey is having “daily” conversations with British banks to chalk out coping mechanisms in the face of a Brexit.