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.
Goldman Sachs, this year’s top-ranked takeover adviser, hired Paul Parker to be a co-chairman of its mergers and acquisitions group less than three months after he left Barclays.
Buffett's cash mountain tops $50bn.
'We all make mistakes'.
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Wall Street firms led by Goldman Sachs are close to buying a stake in chat and instant messaging startup Perzo in pursuit of an alternative to a similar application from Bloomberg, sources familiar with Goldman's plans said.
The chief executive of Credit Suisse has said the sell-off in banking shares in unjustified, as he seeks to shore up confidence in his company and the wider sector after fears about lenders’ financial strength cause heavy share price falls across Europe.
Goldman Sachs has named Konstantin Shakhnovich to lead an effort to combine automated trading operations from different units and desks as the firm looks to improve coordination and efficiency.
Banking shares have come under pressure this week as investors express fears that the sector will be badly hit by a global economic downturn.