Goldman Sachs is cutting off some hedge fund clients and even pulling cash from its own hedge funds as it looks to cope with tough new banking rules, according to a report.
Sayeeda Warsi has attacked George Osborne for failing to raise enough concerns with Israel about its bombing of Gaza, and urged other ministers who are privately expressing concern about the crisis to speak out.
The UK's major banks are exposed to multi-milllion pound fines and lawsuits that could dent their profits, the rating's agency Moody's warned on Tuesday, as it downgraded its outlook for the sector because of new rules intended to prevent another taxpayer bailout.
Courtesy of a top Wall Street firm.
Anthony Jenkins has put great store on changing the culture at Barclays and restoring trust in the bank through the Transform programme.
Standard Chartered Chief Executive Officer Peter Sands, facing reports of disgruntled investors, is set to post the bank’s second straight drop in first-half profit Wednesday.
This year's IPO frenzy showed further signs of fading, as another company scrapped plans to list its shares on the stock exchange.
Credit Agricole said profit was almost wiped out in the second quarter on charges tied to its stake in bailed-out Banco Espirito Santo SA.
JPMorgan on Monday pegged its possible legal costs in excess of litigation reserves at $4.6bn at the end of June, up from $4.5bn at the end of March.
Douglas Flint, the chairman of HSBC, clearly thinks he is the new Winston Churchill.
Raymond James Financial said it expects an investment cost of more than $400m in the company’s planned purchase of Deutsche Bank’s U.S. private-client services unit.
Last year’s sure thing in credit markets is quickly becoming this year’s nightmare for bond investors.
Deutsche Bank became the largest bank in at least four years to feel compelled to reassure investors and employees that it has enough funds to pay coupons on its riskiest debt.