The banks working on the largest advertising merger in history will probably miss out on the bulk of $70m in fees after Publicis Groupe and Omnicom Group terminated talks on a combination.
The National Basketball Association has named Dick Parsons, the former chairman of Citigroup and former CEO of Time Warner, as the interim CEO of Los Angeles Clippers, effective immediately.
And it could lead to a credit boom and crash, former Pimco CEO Mohamed A. El-Erian told CNBC.
New York Attorney General Eric Schneiderman has requested information from Goldman Sachs, Barclays, Credit Suisse and other financial institutions about their use of dark pools, Dow Jones reported Friday.
Could respective percentage differences between Premier League clubs such as Arsenal, Chelsea, Manchester United and Manchester City impact summer spending?
The brightest and the best are moving on.
Is Barclays just the start of big culls ?
Barclays' boss said bonuses will in future closely track the performance across the British bank, following a recent investor backlash after bonuses were raised despite a drop in profits.
Credit Suisse is 'doing everything' to resolve the U.S. investigation into whether the bank helped American clients evade taxes, Chairman Urs Rohner said.
Citigroup failed to persuade a U.S. appeals court to throw out a lawsuit that claims it lied about the riskiness of securities valued at almost $1bn, as the world’s biggest banks continue to defend against allegations they misled investors in the run-up to the financial crisis.
UBS has begun scoring employees specifically on their behaviour, meaning year-end bonuses could be affected by whether they act ethically or are team players, two sources familiar with the policy said on Monday.
Banks are now hiring staff to listen in on traders' conversations, after banter was found to flummox sophisticated surveillance technology, according to a new report on market abuse.