U.S. bankers who vowed last year to boost profit by shrinking expenses are finding costs don’t always stay cut.
UBS raised total compensation for CEO Sergio Ermotti by 21% to $12.3m after the bank returned to profit last year.
Man Group's CEO Emmanuel Roman’s pay more than tripled last year to $3.4m after the hedge-fund company’s earnings rose and its share price increased for the first time since 2009.
The recovery is official-at least for millionaires.
Federal regulators on Thursday announced the latest case to stem from the decade-long insider trading investigation into SAC Capital Advisors, taking aim at a former employee for prompting a number of illegal trades.
The chief executive of Société Générale, France's second-largest bank by market value, said he is committed to keeping links between Europe and Russia strong, in light of the crisis in Ukraine.
UBS traders tried to rig Hong Kong’s benchmark interest rate between 2006 and 2009, the city’s central bank said following a probe that lasted more than a year.
Here's the latest Thomson Reuters weekly investment banking scorecard.
A Japan-focused multistrategy hedge fund run by three former Goldman Sachs Managing Directors returned 38% in its first two months, according to two people with knowledge of the matter.
Credit Suisse is deploying investment bankers to woo African entrepreneurs as the bank tries to build its wealth-management business on the continent.
Sometimes even Santa Claus needs a little help, especially when it comes to the kids who need that help the most.
When Deutsche Bank shelled out more than $6.5bn to buy Deutsche Postbank in 2010, it wound up spending another $1.08bn to mesh and upgrade their computer systems.
Julius Baer may have to pay more than it anticipated to settle a case with the U.S. Justice Department over American offshore accounts, the Swiss newspaper Sonntagszeitung reported, citing people familiar with the matter.