HSBC has parted with its head of foreign exchange trading for Europe, Middle East and Africa, Stuart Scott, a source with knowledge of the decision said on Wednesday.
UBS aims to triple the assets that its U.S. wealth management clients keep in fee-based accounts within seven to 10 years, a top executive said on Tuesday.
A group of foreign-exchange traders plan to challenge findings by Britain’s financial regulator in the currency-rigging probe because they weren’t given a right to respond, two people with knowledge of the matter said.
Mark Cuban, once the target of a big U.S. insider trading probe, met publicly with Christopher Cox, the former SEC chairman, for the first time.
The management of Standard Chartered is facing renewed pressure after being placed under fresh scrutiny by US regulators.
The fourth-quarter will be "marginally profitable" after the charges.
Bank of America said it expects trading revenue to decline this quarter from the previous three months and a year earlier.
As energy prices have been hammered in recent weeks, some of Wall Street's biggest players are nonetheless ready to write billion-dollar checks to finance a nearly $16 billion Gulf Coast natural-gas project for Cheniere Energy, according to documents and people familiar with the matter.
Leading shares suffered their biggest daily fall since the middle of October, hit by renewed fears about the global economy, uncertainty in Greece following snap presidential elections and a surprise profit warning from Tesco.
E. Gerald Corrigan, a partner at Goldman Sachs and a former president of the Federal Reserve Bank of New York, plans to retire from the firm at the end of May.
JP Morgan is to pay its biggest ever dividend, leading a wave of mega-payouts from the big US investment banks.
Tom Hayes, the former trader jailed for rigging Libor, told a London court that UBS’s bonus structure was "an enigma wrapped in a riddle" as he fights a bid by prosecutors to seize his assets.