Royal Bank of Scotland’s credit rating was downgraded by Moody’s Investors Service after the lender reported its biggest full-year loss since its bailout in 2008.
In a move which is expected to result in thousands of job cuts.
Gleacher, the brokerage that’s lost more than $200m since 2009, said it would liquidate after failing to find a merger partner.
Banks operating in the U.K. should amend employee contracts so they can recoup bonus payments from workers who exceed their risk limits or break financial-conduct rules, the Bank of England said.
Morgan Stanley said it will combine the municipal bond trading desks of its institutional business and wealth-management units.
Global investment management firm Pacific Investment Management Company (Pimco) underperformed its peers last month, according to estimates by data tracker Morningstar, following internal strife at the company and the abrupt exit of CEO Mohamed El-Erian.
Deutsche Bank has had a 'slow' start to the year in its investment banking business, due to market uncertainty related to the crisis in Ukraine and concerns about economic growth in China and Germany, it said on Thursday.
A former analyst for hedge fund Two Sigma Investments LLC was indicted in New York on Tuesday on state charges he stole information about the fund's confidential computer trading models.
'The industry is under huge cost pressures and that's one way to save money'.
Declared dead at the scene.
It's a strange thing about Davos : Women represented only 18 percent of the actual delegates, but as a topic, women ranked among the top three — right up there with refugees and climate change.
The UK is outperforming the Europe, Middle East and Africa (EMEA) region for early-stage mergers and acquisitions (M&A) activity, according to new research published today.
A cut of 25-30%.