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.
Goldman Sachs named a new chief strategy officer on Monday, replacing an executive who had worked at the firm for nearly 30 years and is retiring at the end of the year.
An average congestion level of 74 percent
The chancellor, George Osborne, is expected to announce measures to increase oversight of the £3tn-a-day foreign exchange market as investigations continue into the latest allegations of benchmark-fixing in the City.
The U.S. is not facing another financial crisis and the stock market's overreaction to fears about the economy could be a value opportunity, John Paulson says.
Panicked investors sought refuge in the safe havens of gold and government bonds on Thursday as a fresh spasm of global selling sent share prices crashing in Asia, Europe and North America.
A record was broken during the latest wave of selling on the world’s stock markets.