U.K. fraud prosecutors’ will announce significant developments next year in a probe into fees paid by Barclays to Qatar’s sovereign-wealth fund for a 2008 fundraising that helped the bank avoid a bailout.
JPMorgan Chase has announced it has appointed Dana Deasy as the company's new Chief Information Officer (CIO), effective in December.
The restructuring of Banca Monte dei Paschi di Siena (BMPS) presents a "demanding challenge" for the bank over the next few years but it is essential if the bank is to continue to operate independently, the Italian lender's chief executive Fabrizio Viola told CNBC on Tuesday.
Goldman Sachs has announced that Robert B. Zoellick, former president of the World Bank Group, will serve as chairman of Goldman Sachs’ international advisors.
Facebook paid no corporation tax in Britain last year, according to its latest accounts, despite taking an estimated £223m share of the digital advertising market.
Barclays has come under pressure after the bank's broker cut its earnings estimates, mainly due to lower revenues from its investment bank and a £170bn reduction in its balance sheet.
Despite increasingly strong U.K.growth forecasts and increases in business confidence, house prices and employment data, the head of the British Chambers of Commerce (BCC) warned against the beguiling effect of government schemes to boost the economy, calling them "weapons of mass distraction".
Cause of death revealed.
Banca Monte dei Paschi di Siena has pledged to cut an additional 3,360 jobs and increase capital to win support from the European Union for $5.6bn in state aid.
The Bank of England is to begin consulting over a pay code for top City firms next year to incorporate the recommendation of an influential parliamentary report that bonuses should be deferred over 10 years.
Deutsche Bank, Europe’s largest investment bank, plans to sell its U.S. private-client brokerage, according to people briefed on the matter.
Bank of America CEO Brian Moynihan said that even if Wall Street reforms were scaled back by politicians, he wouldn’t change how he runs the company, including the extra capital the firm holds.
Managers best be on the lookout.