Citigroup is increasing its gas and power business in Europe as competitors from Bank of America to Deutsche Bank withdraw amid tighter regulation and staff cuts at utilities.
Barclays is facing an extra £330m in costs for legal and regulatory bills, the bank announced on Wednesday, as it confirmed that its branch network faces an overhaul in the coming years.
Middle-market companies have historically relied on regional banks for deal making, but an appetite for Wall Street M&A specialty is growing.
"We thought he would be my successor ... That's not going to be the case," Pimco co-founder Bill Gross said.
Dow Chemical Chairman and CEO Andrew Liveris told CNBC on Wednesday that Warren Buffett supports his vision for the company.
When Ben Bernanke steps down as chairman of the Federal Reserve this week, having presided over his final committee meeting, the sniping might stop.
The vice-president of the Bitcoin Foundation, which lobbies on behalf of the digital currency, has resigned amid allegations he helped launder money for Silk Road, the online drug bazaar.
There's always a catch!
The devastated family of a JP Morgan executive who plunged to his death from the roof of the bank’s European headquarters in Canary Wharf Tuesday said they were determined to 'get to the truth' about what happened.
Kevin Shea, an interest-rate salesman at Goldman Sachs who has worked at the firm for 27 years, is retiring, according to a person briefed on the decision.
Barclays is to close its Indian equities business as part of efforts to cut costs and boost profit, two sources with direct knowledge of the plan said on Monday.
Credit Suisse has hired James Peterkin, from Barclays, to head its oil and gas team in Europe, the Middle East and Africa (EMEA), according to a memo seen by Reuters on Monday.
HSBC will not face formal action from the City regulator following revelations that the Swiss arm of Britain’s biggest bank helped clients to evade tax.