Standard Chartered warned that profits will fall this year and said the head of its worst-performing business had gone on a long-term break from the Asia-focused bank.
Nomura almost doubled Chief Executive Officer Koji Nagai’s compensation to $2.9m last year as profit surged.
Canadian Imperial Bank of Commerce, known for infighting when picking its leader, is considering breaking a century of banking tradition by looking for an outsider instead. Shareholders are wary of the uncertainty.
A former driver for Raj Rajaratnam has sued the one-time billionaire, claiming he was fired for complaining about secret wire transfers the founder of the Galleon Group hedge fund made to fellow prisoners following his conviction for insider trading.
Global Infrastructure Partners, the private-equity firm run by former Credit Suisse First Boston investment banking head Adebayo Ogunlesi, is seeking $2.5bn for debt investments as new regulations make it more costly for banks to lend to projects such as windfarms and airports.
Goldman Sachs, the top merger adviser this year, is combining its health-care and retail investment-banking groups amid a boom in deals involving pharmaceutical companies.
Like its rivals in Britain, the Royal Bank of Scotland has been unable to escape criticism from shareholders over the amount of compensation that bankers are paid.
The New York attorney general has sued Barclays, accusing the British bank of misrepresenting the safety of its US-based alternative trading system, or "dark pool", to investors.
BNP Paribas, seeking to settle claims it violated U.S. sanctions, is close to an agreement with New York state’s top banking regulator that would curtail some of its dollar-clearing operations for as long as a year, according to a person familiar with the matter.
Singaporean companies went on a record-setting merger and acquisition (M&A) spree in the first half, with deal volume surging to $40 billion, more than double the $17.3 billion recorded in 2013, according to Dealogic.
Partners at law firms in the UK are expected to clocked up 263 more hours in the office this year than they did in 2014, as accountants and other professionals have crept in on their territory.
Morgan Stanley cut CEO James Gorman’s compensation by 6.7% after the firm missed financial targets and the stock lagged behind competitors.
London Business School has been named the best place in the UK to study for an MBA in a comprehensive global ranking of the best business schools in the world.