A British expat in Singapore stirred up an Internet storm after his Facebook posts mocking the "poor people" using mass transit went viral, hitting on the city-state's touchy issues of anti-foreigner sentiment and a growing wealth divide.
Morgan Stanley is reviewing its work policies related to junior bankers as rivals have pushed some employees to take weekend days off, CEO James Gorman said.
Citigroup, the bank that cut unwanted assets 25% last year, should no longer be expected to offer clients unlimited financial services, CEO Michael Corbat said.
Fabrice Tourre’s Wall Street career is over.
JPMorgan CEO Jamie Dimon said on Thursday that government legal cases, including those over mortgage securities the company settled for more than $13bn, were 'unfair'.
Morgan Stanley said it will drop its remaining claims in a lawsuit against Joseph 'Chip' Skowron after a federal judge ordered the former fund manager and convicted inside trader to repay $31m in compensation.
Part of a cost-cutting initiative.
Deutsche Bank has made 2014 into a make-or-break year for co-Chief Executives Anshu Jain and Juergen Fitschen, who have stuck to ambitious targets for the bank that could be threatened by its long list of legal problems.
Goldman Sachs’ co-head of investment banking in Brazil, Fabio Bicudo, will leave the company 10 months after taking the job.
Credit Suisse’s joint venture in China won approval to offer securities brokerage services for the first time, in the economic zone of Qianhai in the southern city of Shenzhen.
The Federal Reserve has said it’s setting tougher standards for examiners of the biggest U.S. banks, following criticism by lawmakers that the agency has been captured by the Wall Street firms it supervises.
Four senior executives from the Belfast office of accountancy firm KPMG have been arrested in Belfast on alleged tax evasion charges.