Europe's banks are under siege from digital disruption, and must make huge IT investments to stay competitive, according to a report out on Monday.
Deutsche Bank is conducting its own investigation into trading around the setting of London's daily gold price benchmark, in addition to one being carried out by Germany's financial watchdog, sources close to the matter told Reuters.
To cut or not to cut ?
Marcel Bruehwiler, chief executive of UBS's Belgium unit, was charged in Brussels as part of a probe into a multibillion-euro tax fraud, accelerating the latest tax-evasion inquiry facing the bank.
The head of Barclays wealth and investment management business, Peter Horrell, is leaving the bank later this year as part of an overhaul of the British bank's wealth operation.
When Jay Cohen sought funding for a new independent film company, Wing and a Prayer Pictures, he had bankers falling over themselves to finance it.
Royal Bank of Scotland agreed on Thursday to pay $99.5m to resolve a U.S. regulator's claims against the bank over Freddie Mac's purchase between 2005 and 2007 of mortgage-backed securities that later went sour.
Bank of America must face the U.S. Justice Department’s lawsuit accusing it of misleading investors about the quality of loans tied to $850m in residential mortgage-backed securities.
Deeb Salem, a former Goldman Sachs trader who said he helped the bank earn more than $7bn, wants to be paid the almost $5m difference between his 2010 bonus and what he told his mother to expect.
A new study found that indicating religious affiliation or atheism on a resume often harms employment prospects, unless that religion is Judaism - in which case it may help.
The richest fifth of the population are worse off now than they were before the financial crash, but the poorest fifth have typically become better off, according to official figures which could spark controversy among anti-austerity campaigners.
Bruno Iksil, the former JPMorgan trader who became known as the “London Whale” as his unit began generating more than $6.2bn in losses in 2012, surfaced on Monday to say he isn’t responsible for the debacle.
UBS said a five-year French probe into allegations it helped clients evade taxes has been completed, bringing the bank a step closer to facing a possible trial and fine.