Barclays traders working on the “front-line” of the foreign-exchange market were sacrificed to satisfy regulators and save the reputations of senior executives, according to an employee fired amid the scandal.
Deutsche Bank, indicted for colluding with Banca Monte dei Paschi di Siena SpA to conceal the Italian lender’s losses, mismarked the transaction and dozens of others on its own books, according to an audit commissioned by Germany’s regulator.
European banks have never traded this cheap relative to U.S. banks, according to an equity research team at Citi, who have turned bullish on the beaten-down sector.
Philip Hammond will attempt to reassure bankers on Wall Street on Thursday that he wants the City to be a leading financial centre after Brexit.
The world's oldest people may have attained the oldest age biologically possible for the human species.
Worldwide announced deals for the first nine months of 2015. Data compiled by Thomson Reuters.
The Securities and Exchange Commission announced that Credit Suisse has agreed to pay a $90m penalty and admit wrongdoing to settle charges that it misrepresented how it determined a key performance metric of its wealth management business.
Global Investment Banking Fees Total US$60.9 billion; Slowest First Nine Months for IB Fees since 2012; Americas Declines 19%
It remains early days for assessing Donald Trump’s economic plans, not least because of the difficulty in separating the serious policies from the wilder campaigning rhetoric, but the bond market seems clear on the central point: the president-elect intends to cut tax taxes, increase spending and deregulate.
HSBC has been forced to insist its plan to install more than 1,000 key staff in Birmingham is on track, after the process was reportedly described as “in crisis” by an official monitor at Britain’s biggest bank.
Killing two birds with one stone.