VTB Capital, Russia’s largest investment bank, said it has no plans to close its office in New York or wind down trading activities.
Here's an amazing piece of news.
Goldman Sachs, the largest prime broker in Asia, lost seven of its employees on the regional team this year, said a person with knowledge of the matter.
Bank of New York Mellon is exploring the sale of its corporate trust arm as it seeks to retreat from a business that has become less profitable since the financial crisis, people with knowledge of the matter said.
Commerzbank is considering appealing against a Frankfurt court's ruling that the lender's move last year to revoke the management board status of former personnel chief Ulrich Sieber was invalid.
£950,000 ($1.6m) was paid to a casino, £512,000-odd ($860,000) spent in nightclubs and bars.
'Nothing more we can do'.
Mohamed El-Erian, who quit Pacific Investment Management Co. in January amid reports of clashes with Bill Gross, said the legendary bond manager is still one of the world’s great investors.
Wells Fargo has announced that banking veteran Jonathan G. Weiss has been named the new head of Wells Fargo Securities, effective May 15, 2014.
Deutsche Bank is facing pressure from investors to raise capital amid fears the bank is still not robust enough to cope with a tougher regulatory environment and a slump in global debt markets.
HSBC has been fined $470m (£325m) for “abusive mortgage practices” in relation to the 2007-2009 housing crisis in which millions of people lost their homes.
George Osborne has been urged to clarify how banks offset the costs of fines such as PPI mis-selling and other regulatory costs against their corporate tax bill.