Bank of America on Thursday agreed to pay $16.65 billion to end investigations into mortgage securities that the bank and its units sold in the run-up to the financial crisis.
Goldman Sachs, which cut the portion of revenue set aside for pay the past two years, will increase 2015 salaries for junior employees in the U.S. by about 20%, according to a person briefed on the decision.
A $300m fine on Standard Chartered for lapses in anti-money laundering controls has piled pressure on the bank's board, coming after a series of transgressions and a drop in earnings that had prompted calls for change at the top.
Investment-banking fees in Europe, growing faster than in Asia and the Americas, are set to reach a seven-year high as sales of debt and stock and a buoyant U.K. economy outweigh stagnant income from trading.
The conflict in Ukraine and its potential impact on the world economy has led Rabobank, the largest Dutch mortgage lender, to warn of possible knock-on effects to its business.
How do fresh-faced financial services employees really feel ?
Looks like no bonus cap.
Professors at business schools are reaching for real-life examples to teach old-school business practices in an effort to engage their students.
More than 2,400 former Lehman Brothers bankers will have their pensions paid in full following a six-year legal battle.
Below the surface of a golfing paradise for many American tourists, the Trump Organization is battling on many fronts.