UBS chairman Axel Weber has hinted he may not stay at the Swiss bank as long as originally expected, in a newspaper interview linking his future with the lender's ability to meet stricter regulation as well as to restructure by end-2015.
Long before Leonardo DiCaprio started shooting scenes recreating the drinking, drugging and debauchery of the '90s for the Martin Scorsese film "The Wolf of Wall Street," CNBC profiled the man behind the story, Jordan Belfort.
Worldwide M&A Falls 2% Compared to 2012; Slowest Year by Number of Deals Since 2005
They say that with great success comes great responsibility. Many of the world’s leading CEOs and entrepreneurs acknowledge this, with an acute awareness of the legacies they will leave behind.
The £3bn loan swap scandal – where banks mis-sold complex interest rate products to small businesses – may have affected around 100,000 firms, twice as many as originally thought, the Financial Conduct Authority has admitted.
Movement of the people.
Deutsche Bank's failure to turn over e-mails in a tax probe that led to the arrest last year of five employees may have been caused by errors at International Business Machines, which managed the bank’s data storage.
It’s 20 minutes before 4 p.m. in London and currency traders’ screens are blinking red and green.
Warren Buffett gained more wealth than any other U.S. billionaire, adding $37 million a day, according to one study.
Royal Bank of Scotland’s markets division has banned employees from using multidealer chat rooms, joining rivals in curbing the forums amid probes, according to a person with direct knowledge of the plan.
Former HBOS bosses who will be heavily criticised this week over their role in the bank’s near-collapse are likely to escape fines because regulators’ report into the matter took so long to complete.
Barclays has agreed to pay $120m to settle private U.S. litigation accusing it of conspiring with rivals to rig the benchmark interest rate known as Libor, lawyers for the plaintiffs said on Friday.
The Department of Justice has announced that Standard Chartered Bank (Switzerland) SA, en liquidation (SCB Switzerland), reached a resolution under the department’s Swiss Bank Program.