A large burst of layoffs likely.
Bonus curb workarounds being developed by banks from HSBC to Lloyds Banking Group will be scrutinized by European Union regulators for possible breaches of the bloc’s rules.
Bank of America is negotiating a deal with the Justice Department and a number of states that could lead to a roughly $12bn settlement related to the bank's mortgage banking practices, according to a U.S. law enforcement official.
George Osborne has conceded that a housing bubble remains a threat to the recovery following comments by the International Monetary Fund (IMF) in its annual appraisal of the UK economy.
Deutsche Bank, seeking to raise $11.6bn of capital, braced investors for a deepening trading slump and potential damage to its business from international probes of currency rigging and hiring practices.
New York’s top banking regulator Benjamin Lawsky is pressing BNP Paribas to dismiss one of its top executives as part of settlement negotiations with the U.S. over alleged sanctions violations, according to a person familiar with the matter.
Pimco's outflows were a rough patch, but the firm is now moving ahead, its founder and chief investment officer Bill Gross told CNBC Thursday.
The Artemis Network is a newly formed employability and career development forum for women between 16 and 21 years old.
The former chairman of Morrisons has launched an extraordinary public tirade against the supermarket's leadership, describing the chief executive's strategy as "bullshit" and warning that the business founded by his father had been ruined.
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.
Michael Steinberg, a former fund manager at SAC Capital Advisors, is free and clear of all allegations that he traded on insider tips after a 3 1/2-year fight with prosecutors and regulators.
Investment banks earned the least since 2002 from Russian corporate deals last year as sanctions and low oil prices curbed transactions, according to the consultancy Freeman & Co. Domestic lenders garnered more than half of the commissions for the first time as international firms retreated.