Lloyds Banking Group has fired eight staff and withheld £3m of bonuses following their “unacceptable” actions, which led to the bailed out bank being fined for Libor rigging.
Pacific Investment Management Co.’s executive committee discussed firing co-founder Bill Gross after some of his deputies threatened to quit, according to two people familiar with the matter.
Germany's second-largest bank Commerzbank is being investigated by the Manhattan U.S. attorney for alleged violations of money-laundering laws, the Wall Street Journal reported.
PIMCO CIO William H. Gross to leave the firm effective immediately.
Baudouin Prot has announced to the Board of Directors his decision to step down. Jean Lemierre will be appointed as Chairman of BNP Paribas.
Banks handing staff “allowances” to circumvent Brussels’ bonus cap face close scrutiny of their pay deals as a result of new guidelines being drawn up by Europe’s top banking regulator.
Bill Gross learnt his nous for numbers counting cards at the blackjack tables of Las Vegas.
A new investigation of industry assets by Absolute Return reveals that, once again, the largest funds are controlling more assets than ever.
Apparently commuting by public transport makes you happier. It must be the fresh air and fascinating aromas that help Lauren to unwind
Some of the world's leading banks are slated for a £2 billion fine from U.K. regulators, following investigations into currency rigging.
Garth Ritchie, who leads Deutsche Bank’s trading business, told staff the firm is targeting a profitability target of more than 10% for the unit as Europe’s largest investment bank reorganizes in a bid to boost returns.
UBS has hired two bankers - one for its equity capital markets business and one for the financial sponsors coverage group - to grow its services for sponsor clients.
Business leaders and global corporations including Barclays, Citi and Goldman Sachs, have been shortlisted for a series of top accolades ahead of the Royal Bank of Scotland sponsored British LGBT Awards.