Chim Wai Kin, the chief credit officer who was Bank of China’s highest-paid executive, left his job amid pay cuts being imposed on senior managers at Chinese lenders, people with knowledge of the matter said.
A rule designed to reduce risk in the financial system could end up punishing the wrong banks.
Another former senior government official has signed up to be a paid advisor to a multibillion-dollar hedge fund firm.
HSBC has chosen Birmingham as the headquarters for the ringfenced UK retail and commercial banking business it is setting up, in a move that will involve relocating 1,000 jobs from London.
Managers 'know where they’re not making enough money'.
Wells Fargo has named Darin Deschamps and Sandra Taube Godard as co-heads of capital markets in Canada.
An Airbus A320 carrying 150 people crashed Tuesday in a mountain range in Southern France in what French President Francois Hollande called a "tragedy."
U.S. golf may be in doldrums, but Great White Shark Enterprises is thriving by diversifying into everything from finance to wine-making.
Tech start-ups don't talk much about interest rates. With the Fed removing the word "patient" from its plan for raising rates, that's going to change.
Former Royal Bank of Scotland boss and current boss of RSA Insurance Group Stephen Hester has got another role to add to his list of duties.
The investment bank's need for reserves to offset losses on oil and gas companies could rise in 2016, executives warn.
UK banks have been told by the City regulator they should not use anti-money laundering rules as an excuse to close accounts for charities, politicians and other clients just because they perceive them as risky.