Shares of Royal Bank of Scotland were down almost four percent in early trading on Friday after the bank posted first-half earnings described by analysts as "low-quality" and "underwhelming".
Man Group said clients pulled money from the firm in the first half, reducing assets under management by 8.8% to $52bn.
A trader talks.
Royal Bank of Scotland has named the head of its U.K. consumer unit chief executive officer as the government presses the lender to shrink its investment-banking operation.
Former UBS trader Kweku Adoboli has re-submitted his appeal against his fraud conviction after a first attempt was rejected, court officials said.
Bank of America said regulators and government agencies have advised it of their intent to recommend filing civil actions related to mortgage-backed securities.
And it's a bit of a surprise.
Are you a desk "Zen Master" or is "The Minimalist" more your style ?
Sometimes it just doesn't work out.
Goldman Sachs is offering end users the option to swap queued up aluminium currently for immediate aluminium so they can utilise the metal they need.
Bank of America probably will report a 5% drop in third-quarter trading revenue amid volatile markets, CEO Brian Moynihan said.
HSBC’s chairman has suggested the bank could retain its domicile in the UK, as his bank mulls moving its headquarters back to the Far East.
By launching a probe into possible insider trading at Citic Securities, China’s biggest and most prestigious brokerage, President Xi Jinping’s government has signalled the financial services industry is fair game for its anti-corruption drive after a stock market bust wiped out $5 trillion in market value.