The chief of Credit Suisse will square off on Wednesday against U.S. Senator Carl Levin as the veteran congressional investigator releases his latest findings on offshore tax evasion.
Daiwa Securities and Australia and New Zealand Banking Group Limited (ANZ) have today signed a Memorandum of Understanding to establish a business alliance in connection with their M&A advisory businesses.
Son of a gun!
'We don't want to do this at all....Sadly because of the EU directive we've had to change'.
Not bad for one year's work.
"Dear shareholder, this new EU law capping bonuses is silly so we've decided to exploit the enormous and very obvious loophole. Stuff Brussels: we're not paying ourselves less. Your co-operation in this matter is greatly appreciated."
Toronto-Dominion Bank CEO Ed Clark will get a lifetime annual pension of $2.23m after stepping down as head of the firm.
Customers of former Jefferies managing director Jesse Litvak told a jury during his fraud trial last week that they still got good deals on the bonds they bought through him even with his alleged misrepresentations.
The US Federal Reserve knew about Libor rigging three years before the financial scandal exploded but did not take any firm action, documents have revealed.
Eight of America's largest banks will begin using their own models and systems to calculate the amount of capital they need to set aside for risk- weighted assets, according to a source familiar with the situation.
HSBC and BNP Paribas would ditch their securities units if they were to fail, while American International Group would spin off its non-life insurance divisions.
JPMorgan has hired Nick Malangone from Goldman Sachs to bolster a team overseeing funds for insurance-company clients.
Citigroup, which pioneered the era of global megabanks before almost collapsing in the financial crisis, just slid behind Wells Fargo to rank as the US’s fourth-biggest bank.