Terry Smith, the chief executive of Tullett Prebon and a prominent figure in London's financial circles, could leave the interdealer broker as early as the end of June, a source familiar with situation told Reuters on Tuesday.
Bank of America said it sent incorrect data to a U.S. regulator that made its private stock trading platform look bigger than it actually is.
Paul Taubman, former president of Morgan Stanley, is no longer a solo practitioner in providing advice to corporations, CNBC's David Faber reports.
Until we see the details of the case, it is impossible to judge whether a $10bn (£6bn) fine for BNP Paribas would be unreasonable, as Laurent Fabius, the French foreign minister, contends.
Royal Bank of Scotland has become the second major lender to clamp down on large mortgages, announcing it will restrict lending on loans above £500,000 as fears grow that the London property market is entering bubble territory.
Deutsche Bank will price its 8 billion euro ($11 billion) capital hike on Wednesday at between 21 euros and 21.50 euros per share, sources told CNBC.
Line, a mobile messaging application operator, is working with Nomura and Morgan Stanley to prepare for an initial public offering as soon as November, people with knowledge of the matter said.
Credit Suisse has lost a limited amount of business as a result of pleading guilty to charges that it helped wealthy Americans to evade taxes, the head of its private bank said on Monday.
UBS has appointed Mark Haefele as Chief Investment Officer of its flagship private bank, replacing Alexander Friedman who is leaving the bank.
Goldman Sachs named a new chief strategy officer on Monday, replacing an executive who had worked at the firm for nearly 30 years and is retiring at the end of the year.
Point72 Asset Management, the firm that oversees billionaire Steven A. Cohen’s wealth, is seeking more than 40 traders and analysts as it expands its London office.
Deutsche Bank’s Dario Schiraldi and James Dilworth are leaving the lender after co-Chief Executive Officer John Cryan broke up the firm’s asset and wealth management businesses, according to a person with knowledge of the matter.
Julius Baer has dismissed one of its client advisers as part of its internal investigation into ties with world football's governing body FIFA, a source familiar with the matter said on Tuesday.