After a steady reduction in its brokerage force, Merrill Lynch is again adding numbers to its 'Thundering Herd'.
U.S. authorities in Puerto Rico are investigating allegations that a former UBS broker improperly advised clients to borrow money to make investments, a person briefed on the probe told Bloomberg.
Most European banks are confident they won’t need to raise capital after the European Central Bank’s balance-sheet review, a study by Ernst & Young LLP showed.
Barclays has launched a long-anticipated sale process for its Index, Portfolio and Risk Solutions (IPRS) business, which could yield around $400m for the UK bank, according to people familiar with the matter.
Europe's banks are under siege from digital disruption, and must make huge IT investments to stay competitive, according to a report out on Monday.
When Phil Harrow drowned his sorrows following the Costa Rica victory that sent England home from the World Cup on Friday, he had to drink deeper than most fans.
With a cream leather lounger strategically placed under a map of the world labelled "the world is ours", the Manchester office of Boohoo founder Mahmud Kamani has the menace of a Bond villain's lair.
Deutsche Bank is conducting its own investigation into trading around the setting of London's daily gold price benchmark, in addition to one being carried out by Germany's financial watchdog, sources close to the matter told Reuters.
To cut or not to cut ?
Marcel Bruehwiler, chief executive of UBS's Belgium unit, was charged in Brussels as part of a probe into a multibillion-euro tax fraud, accelerating the latest tax-evasion inquiry facing the bank.
Canadian plane and train maker Bombardier is to cut 7,000 jobs worldwide over the next two years, including 1,350 in the UK.
Britain's bank bosses have warned that cost cutting measures will have to be ramped up as stunted revenues and low interest rates continue to take their toll on the sector.
Hedge funds in Asia, which navigated turbulent markets to post gains in 2015, had nowhere to hide in January.