Barclays will cut 7,000 jobs at its investment bank, about a quarter of the total, as CEO Antony Jenkins tries to revive profit by reducing the lender’s dependence on the unit.
Standard Chartered said first-quarter operating profit fell by a 'high single-digit percentage' amid weakness in emerging-market currencies and its financial-markets business.
Stifel Financial has announced that it is acquiring Oriel Securities, the London-based stockbroking and investment banking firm, to build out the Company’s international platform across all of its institutional businesses.
Former BP boss Tony Hayward has returned to the top ranks of the corporate world, becoming permanent chairman of Glencore Xstrata, the FTSE 100 commodity trading and mining group.
'The investment banking industry for all intents and purposes has disappeared'.
Despite Barclays' disappointing results this week, analysts are not expecting any great changes when it reveals its strategy update this Thursday.
No less than 7 top firms have gone / are going through difficulties of one kind or another - and that's in addition to the 'normal' issues banks are having related to regulation, capital requirements and the malaise in fixed income.
Goldman Sachs which stood by Steven A. Cohen last year as his SAC Capital Advisors bore the brunt of a massive insider trading probe, has come to the billionaire’s aid again.
Morgan Stanley chief executive James Gorman said on Tuesday that he does not believe more bankers should have gone to jail for the financial crisis.
Private-equity firms, after decades of operating with limited regulatory scrutiny, are facing possible sanctions and tighter oversight after the Securities and Exchange Commission uncovered improprieties at most firms.
Over half of UK workers wish for a career change, rising to 72 per cent for those aged between 25-34, new research has found.
The City regulator has defended its decision to drop a review into banking culture, and insisted the Treasury did not use its influence to encourage a softer approach towards the industry.
A slump in sales in China has ended five years of growth for Rolls-Royce Motor Cars.