Despite producing an average return of 3.3 percent last year, the hedge fund industry is on track to surpass $3 trillion in assets this year, according to a new survey by Deutsche Bank.
UBS plans to scale back its wealth-management activities in Moscow that serve clients who deposit their funds offshore as the bank streamlines operations in some emerging markets, according to two people with knowledge of the decision.
Goldman Sachs is reducing the size of its investment-banking team in Singapore by about 30% compared with the start of the year, people with knowledge of the matter said.
Barclays paid CEO Antony Jenkins his first bonus since taking the job in 2012 as the bank reported an increase in annual profit.
Finally, young bankers are feeling the love.
But still likely to provoke a row.
Barclays delivered pre-tax profit for last year that beat market expectations, as it set aside more money for potential fines.
Nomura has announced a new senior management lineup effective April 1, 2015.
The Bank of England has come under attack for failing to properly investigate its role in the rigging of foreign exchange markets.
British Airways has held on to its title as the UK’s leading consumer ‘superbrand’ as some of the oldest and most trusted household names including Cadbury, Heinz and Marks & Spencer dropped out of the list of favourite brands.
Add Goldman Sachs to the list of banks under regulatory review over Panamanian shell companies.
Societe Generale Chief Executive Officer Frederic Oudea testified before the French Senate about disclosures of the bank’s offshore dealings in the Panama document leak.
Independent Community Bankers of America President Camden Fine and the JPMorgan Chase CEO trade blame for "bank-on-bank violence."