Two more suspended at RBS.
Wall Street loves a murder metaphor.
In his autobiography Rogue Trader, Nick Leeson said the ethos at Barings was simple: ‘We were all driven to make profits, profits, and more profits ... I was the rising star.’
Sitting at her desk at Goldman Sachs, Julissa Arce is doing her best to keep it together. It’s September 2007. Her father is dying in Taxco de Alarcón, a small and hilly city in Mexico, and she has just hung up after a call from her sister with bad news.
Longstanding allegations that women are routinely discriminated against in Silicon Valley were being aired in open court on Tuesday when a former venture capital executive began a $16m sexual discrimination lawsuit against top tech investor Kleiner Perkins Caufield & Byers.
Royal Bank of Scotland will outline plans Thursday to reduce the number of countries in which it operates by two-thirds to 13, a person with knowledge of the matter said.
"Our synergies are real," said Marianne Lake, pointing to some $15 billion in revenue and $3 billion in cost savings due to its business model.
Bank of America’s Henry Mulholland, head of equities for the Americas and a 25-year veteran of Merrill Lynch, is leaving the firm.
Royal Bank of Scotland could be broken up into 130 locally run banks and operated along the principle of the John Lewis Partnership rather than be privatised by the next government, according to a report published on Wednesday.
Douglas Flint admits to UK parliamentary committee that oversees the financial industry that he couldn't rule out further scandals.
A long-running insider trading case has Monday resulted in two guilty verdicts and three acquittals.
Credit Suisse is placing asset management under the twin direction of its wealth management and Swiss banking divisions, it said on Sunday, announcing a further strategy rejig after a shake-up in October.
Andrew Bailey, the incoming head of the Financial Conduct Authority, said improving the culture of City firms is a priority and that “hubris” needs to be added to the list of risks firms face.