Banking group HSBC has attempted to head off investor criticism over a new pay plan, capping any share bonus for its Chairman Douglas Flint this year at £1m ($1.68m) and saying it would be a one off.
Matthew Ginsburg, Barclays’ Asia-Pacific head of investment banking, is stepping down from his role and considering senior posts within the U.K. bank outside the region, a memo obtained by Bloomberg News shows.
European Private Equity returns positive across all time horizons, driven by buyout fund returns; Long-term returns outperform public market indices.
The bonus pool is likely to rise this year, but not everyone will run out winners.
Morgan Stanley got the memo early ?
The number of women in key roles in the technology industry has remained roughly unchanged for 10 years, a study has shown.
U.S. authorities are seeking more than $3.5bn from BNP Paribas to resolve federal and state investigations into the lender’s dealings with sanctioned countries including Sudan and Iran, according to people familiar with the matter.
German insurance giant Allianz reported first quarter results on Wednesday that were hit by hefty outflows from its Pimco asset management subsidiary.
Britain's big four banks were forced to set aside £21.5bn to cover fines and customer redress in 2013, according to research published on Wednesday.
HSBC will start building a new Middle East headquarters near the world’s tallest tower in Dubai as the lender aims to combine staff from three other locations in the city.
The former chairman of Barclays has warned that the British economy could be harmed if regulators continue to curb risk-taking in the banking industry.
Bucking the trend.