Credit Suisse CEO Tidjane Thiam ended six months of losses last quarter. That wasn’t enough to convince investors his turnaround is on track.
Bill Gross is running his $1.5bn Janus Global Unconstrained Bond Fund by himself - again.
BB&T Securities is ending its equity research coverage and curtailing institutional sales and trading activity, eliminating at least 61 jobs as part of an overall restructuring within its equity capital markets and related operations.
The U.K. Serious Fraud Office has started re-interviewing former Barclays executives over the bank’s 2008 Qatar fundraising, as the agency aims to complete its investigation by the end of the year.
'The markets are challenging, the capital markets are going through a significant restructuring and banks are also going through a significant restructuring, using more capital, being more liquid, which is all making the financial system much safer but (it) does pose a challenge in terms of profitability'.
President Francois Hollande’s government will have to go beyond current efforts on tax if it hopes to attract banking business to Paris in the wake of the U.K. decision to leave the European Union, BNP Paribas Chief Executive Officer Jean-Laurent Bonnafe said.
Bank of New York Mellon appointed Marleny Cheshier as a senior wealth manager in its Newport Beach wealth management office.
Barclays profits slumped in the first half of the year as new chief executive Jes Staley pressed on with plans to restructure the bank and retrench from Africa.
UBS, the Swiss bank, beat expectations Friday with a second-quarter net profit of 1.03 billion Swiss francs ($1.05 billion), higher than the 680 million Swiss francs forecast by analysts.
Nomura’s embattled investors have something to cheer about after the brokerage unveiled plans to buy back more shares and posted its biggest overseas quarterly profit in seven years.
Hedge funds aren't going away but there is a massive shift happening in the industry, explains finanical advisor Josh Brown.
Here are some key points showing how the crisis has accelerated in the last 18 months.
California’s state treasurer announced on Tuesday that it is imposing a year-long ban on working with Wells Fargo after staff “fleeced” the bank’s customers by creating 2m unauthorized accounts.