Standard Chartered put one of its most senior foreign-exchange dealers on leave as regulators probe possible manipulation in currency markets, a person with knowledge of the matter said.
Morgan Stanley plans to seek the U.S. Federal Reserve approval to widen the $500m share buyback program cleared earlier this year, the Wall Street Journal reported, citing people familiar with the matter.
A victim of a crime would never be expected to pay for the perpetrator’s lawyer to defend the case.
Al Breach, former Russia strategist at UBS, is setting up a hedge-fund firm with ex-colleague Charles Hill and UFG Asset Management’s Florian Fenner.
Rabobank, the co-operative formed in 1898 to lend to Dutch farmers, was fined $1.1bn for its involvement in rigging benchmark interest rates, the second-largest in the global investigation. The bank’s chairman, Piet Moerland, said he would resign.
Deutsche Bank, Europe’s largest investment bank by revenue, said third-quarter profit slid 94% after it set aside $1.65bn to cover expected legal costs and income from debt trading fell.
The euro zone will continue to have problems for many years to come, says JPMorgan's chief executive Jamie Dimon.
It's called 'managing attrition'.
Credit Suisse made a 'mistake by paying Chief Executive Brady Dougan around $100m in 2010 under two different payout plans, the board member who oversaw the payment said in a television interview on Monday.
UBS has said it has taken and will take personnel measures as it conducts an internal review of its foreign exchange business, which is being examined by regulators.
Tidjane Thiam, Credit Suisse’s new CEO, pledged to prioritize wealth management over investment banking and asked investors for $6bn of capital as he put his imprint on the bank.
The New York Stock Exchange is prodding its regulator to make hedge funds reveal which stocks they’re shorting, an area where the U.S. lags far behind Europe.
The 'CIB of tomorrow'.