Parliamentarians from Switzerland's right-wing Swiss People's Party (SVP) are mounting a new effort to split up UBS and Credit Suisse by teaming with left-wing lawmakers.
Japan's securities market watchdog is investigating whether Deutsche Bank employees provided excessive entertainment to Japanese pension fund executives in breach of regulations, sources with knowledge of the matter said.
Plans by Italian lender Banca Monte dei Paschi di Siena (BMPS) to raise over double its planned capital increase under a new bailout program have won the support of the European Union's antitrust regulator.
At least three of the top 20 investors in Microsoft want a turnaround expert to succeed Steve Ballmer as chief executive and have urged the technology giant's board to consider Ford Motor CEO Alan Mulally and Computer Sciences CEO Mike Lawrie for the job, several sources familiar with the matter said.
Twitter has remained silent on whether it plans to go public, but recent company actions suggest that it's getting closer to an IPO.
Whatever next ?
Morgan Stanley says Joseph 'Chip' Skowron, the former hedge fund manager serving a five-year prison term for insider trading, should forfeit more than $31m in compensation for failing to fulfill his duties.
Three years ago, former Goldman Sachs investment banker Frank Yeung issued an ominous warning to investment bankers: if you stay in the industry for too long, you get trapped there.
Bank of America agreed on Friday to pay $39m to women who worked in its Merrill Lynch brokerage operation, another costly settlement of a discrimination case filed by its employees.
Martin Blessing, who led Commerzbank for seven years, won’t extend his contract when it expires in 2016, becoming the latest CEO to join an unprecedented wave of management changes at Europe’s banks.
UniCredit's new business plan envisages 12,000 job cuts worldwide, a source close to the matter said on Friday, indicating a larger reduction compared with 10,000 layoffs that had been expected.
Bank of America traders posted trading revenue on every business day of the third quarter, the first three-month period without a daily loss since the start of 2014, even as total trading revenue declined.