Bank of America is negotiating a deal with the Justice Department and a number of states that could lead to a roughly $12bn settlement related to the bank's mortgage banking practices, according to a U.S. law enforcement official.
Deutsche Bank, seeking to raise $11.6bn of capital, braced investors for a deepening trading slump and potential damage to its business from international probes of currency rigging and hiring practices.
New York’s top banking regulator Benjamin Lawsky is pressing BNP Paribas to dismiss one of its top executives as part of settlement negotiations with the U.S. over alleged sanctions violations, according to a person familiar with the matter.
Pimco's outflows were a rough patch, but the firm is now moving ahead, its founder and chief investment officer Bill Gross told CNBC Thursday.
The Artemis Network is a newly formed employability and career development forum for women between 16 and 21 years old.
There is something seriously wrong with bank regulation and litigation in the US today, says bank analyst Dick Bove.
Deutsche Bank priced its 8.5 billion euro capital hike at 22.50 euros per share on Thursday, higher than forecast.
Mizuho International continues to strengthen its Fixed Income business with senior-level hires.
'The pressure from bank shareholders will put downward pressure on compensation'.
BNP Paribas is telling clients that it’s making every effort to ensure their business won’t be disrupted if the bank’s U.S. dollar-clearing operations are halted under a settlement of alleged sanctions violations.
'Either the circus of the financial markets is located in London or its going to be somewhere else'.
Standard Chartered arranged an $8.4m incentive for Chief Executive Officer Bill Winters to turn the bank around after scrapping annual bonuses for all senior managers.
Goldman Sachs added compensation practices to the list of matters receiving legal and regulatory scrutiny.