Terry Smith, the chief executive of Tullett Prebon and a prominent figure in London's financial circles, could leave the interdealer broker as early as the end of June, a source familiar with situation told Reuters on Tuesday.
Tesco has suffered its worst sales performance in decades, piling the pressure on its chief executive, Philip Clarke, who is struggling to revive Britain's biggest retailer as it grapples with extra competition from discounters such as Aldi and Lidl.
Bank of America said it sent incorrect data to a U.S. regulator that made its private stock trading platform look bigger than it actually is.
Paul Taubman, former president of Morgan Stanley, is no longer a solo practitioner in providing advice to corporations, CNBC's David Faber reports.
Until we see the details of the case, it is impossible to judge whether a $10bn (£6bn) fine for BNP Paribas would be unreasonable, as Laurent Fabius, the French foreign minister, contends.
Royal Bank of Scotland has become the second major lender to clamp down on large mortgages, announcing it will restrict lending on loans above £500,000 as fears grow that the London property market is entering bubble territory.
Deutsche Bank will price its 8 billion euro ($11 billion) capital hike on Wednesday at between 21 euros and 21.50 euros per share, sources told CNBC.
Line, a mobile messaging application operator, is working with Nomura and Morgan Stanley to prepare for an initial public offering as soon as November, people with knowledge of the matter said.
Credit Suisse has lost a limited amount of business as a result of pleading guilty to charges that it helped wealthy Americans to evade taxes, the head of its private bank said on Monday.
UBS has appointed Mark Haefele as Chief Investment Officer of its flagship private bank, replacing Alexander Friedman who is leaving the bank.
Bucking the trend.
Two of the world’s biggest banks, Goldman Sachs and Morgan Stanley, are releasing their annual results this week, and are expected to report a fall in annual earnings after a tough year.
The number of requests for assistance from foreign enforcement agencies received by the Financial Conduct Authority (FCA) has risen over the last year.