Thousands of Wall Street’s best and brightest will be canceling country-club memberships and putting on hold plans for beachfront property in the Hamptons.
Bradley Birkenfeld, the former UBS private banker who exposed how the bank helped Americans evade taxes, settled legal disputes with a law firm that claimed it was owed $13m of his $104m whistle-blower award.
JPMorgan Chase traders generated profits every day in the third quarter, extending their perfect record for 2013 as the Federal Reserve backed off plans to curtail a bond-purchase program.
HSBC has become the latest bank to admit it is co-operating with the global investigation into the possible manipulation of the £3tn a day currency markets.
Leveraged buyouts for both big and midsize companies are approaching debt levels last experienced in 2007.
206 client telephone numbers.
Job vacancies at London’s financial-services companies slipped last month as securities firms held off from seeking new employees, offsetting more robust hiring at asset managers, recruitment firm Astbury Marsden said.
Zurich Insurance Group said a probe into the suicide of Pierre Wauthier showed that no 'undue pressure' was exerted on the CFO before his suicide in August.
Marc Moses has been appointed an executive director of HSBC Holdings plc with effect from 1 January 2014. He will continue to be a member of the Group Management Board.
JPMorgan Chase has said that the U.S. Department of Justice is conducting at least eight separate investigations into the bank’s activities, ranging from recruitment in Asia to its relationship with Ponzi scheme operator Bernard Madoff.
Banks were too focused on protecting themselves from a repeat of the global financial crisis that they missed many investment opportunities offered by key startups, the managing director of CommerzVentures told CNBC.
Following the banking collapse in 2008, the banking industry, with the exception of JPMorgan Chase , worked behind the scenes to influence new regulations but didn't seem to be interested in bringing the bankers' point-of-view on these issues to the attention of the public.
Credit Suisse will extend the paid time U.S. employees can take off from work to care for a new child as the bank seeks to retain and attract workers looking for a more accommodating corporate culture.