Standard Chartered’s departing chief executive, Peter Sands, was paid $5.1m (£3.5m) last year despite opting not to take a bonus under the bank’s long-term share plan because of its poor financial performance.
A hedge fund manager who warned about the last financial crisis is seeing parallels of that run-up in the market today.
Former Pimco co-CEO Mohamed El-Erian predicts the Fed will remove the word "patient" from its policy statement, but could open up another can of worms.
You’ll be plenty wealthy.
Working far longer hours to bring home a fraction of previous pay.
'A drastic shrinking of its investment banking operations'.
It has become a familiar pattern: The computer system of a big American company is breached, the personal information of tens of millions of customers is stolen and a public outcry ensues. Rarely are the thieves caught.
John Whitehead, the late Wall Street banker who led Goldman Sachs’s expansion overseas, was also an avid art collector who owned works by Claude Monet and Amedeo Modigliani.
Nomura will defend claims by a U.S. regulator that it sold defective mortgage-backed securities to Fannie Mae and Freddie Mac before the 2008 financial crisis, becoming the first bank to take such a case to trial.
Shadow banking in general has come back to life after getting hammered during the financial crisis, but one segment has been especially rampant.
UBS opened a financial futures brokerage service in China, allowing it to tap the country’s $64tril market.
The long-standing relationship between Sir Philip Green and Goldman Sachs will be scrutinised this week as part of a parliamentary probe into the collapse of BHS, the high street retailer.
A former Barclays trader who is currently standing trial accused of Libor-rigging related offences told the court late last week that three senior figures at the bank must have known about the rate fixing.