Bank of America awarded CEO Brian Moynihan $14m for last year, boosting his pay 17% after profit more than doubled.
A New York state judge declined to delay court approval of Bank of America's $8.5bn settlement with investors in mortgage-backed securities, rejecting a move by American International Group.
Some of the biggest names on Wall Street are quietly preparing to do battle over elections this year.
James Gorman, the CEO of Morgan Stanley, gave away nearly $1m worth of stock he owned in the bank last week.
Deutsche Bank is considering John Cryan, the former finance chief of UBS, as a potential replacement for co-Chief Executive Anshu Jain should he be implicated in an ongoing investigation into currency manipulation, a German magazine reported on Wednesday.
Following the Facebook/WhatsApp announcement, Tech M&A has hit $42.4bn YTD, the highest level since the dot-com boom.
Nigeria's president on Thursday suspended the governor of the country's central bank for "financial misconduct" and said his tenure was "characterised by various acts of financial recklessness"
Bank of New York Mellon plans to expand its Hong Kong office to include securities broking this year as it seeks to tap Asian demand for U.S. bonds and stocks.
Deutsche Bank announced Thursday that it has reached a settlement with Kirch Group to conclude all legal disputes between the two parties.
China’s biggest bank, Industrial & Commercial Bank of China, said it punished 137 staff for breaches of Communist Party discipline, such as accepting gifts or starting their own businesses, as a corruption crackdown sweeps through the nation’s finance industry.
Gordon Brown is to join the former central bankers Ben Bernanke and Jean-Claude Trichet on a new five-strong new global advisory board established by the international investment firm Pimco in his first role in the private sector since resigning as prime minister in 2010.
The value of mergers and acquisitions has hit an all-time high following the $13.9bn takeover of the US coffee company Keurig Green Mountain by Germany’s Reimann family.