'I’ll make this year more than I ever made in my best year as a broker'.
'I was in the system and I let myself get drawn into the system'.
With Credit Suisse poised to become the first bank in more than a decade to admit to a crime in the U.S., regulators have been reaching out to some of the firm’s biggest business partners to avert a panic, according to a person briefed on those communications.
Deutsche Bank co-CEO Anshu Jain has said the bank's plans to raise 8 billion euros ($11 billion), with the help of the Qatari royal family, will "take advantage of the very significant changes in the operating environment" it sees for the lender.
Legg Mason is firing 62 Batterymarch Financial Management employees as it combines the affiliate with QS Investors, the global quantitative equity firm it’s purchasing this year.
Hundreds more investors have joined an unprecedented group legal action against Royal Bank of Scotland, alleging they were misled during an emergency cash call in 2008, and are claiming damages of around £4bn ($6.73bn).
It's tough at the top.
A German water utility alleged a former UBS banker had an 'inappropriate' relationship with consultants advising on disputed swap deals, the latest lawsuit to highlight how complex financial instruments backfired on municipal agencies during the 2008 financial crisis.
Royal Bank of Scotland said on Sunday it is winding down its rates prime broking and rates OTC clearing businesses as capital and operating costs increase.
Deutsche Bank sold about 60m shares to the Qatari royal family as it announced plans to raise 8bn euros ($11bn) in its second-biggest capital increase.
Two of the world’s biggest banks, Goldman Sachs and Morgan Stanley, are releasing their annual results this week, and are expected to report a fall in annual earnings after a tough year.
The number of requests for assistance from foreign enforcement agencies received by the Financial Conduct Authority (FCA) has risen over the last year.
Small cap specialist broker Panmure Gordon has broken into the top five City advisers chart this morning as financial data publisher Adviser Rankings unveiled its tenth annual corporate advisers rankings for 2015.