Mark Schwartz, Goldman Sachs’s Asia-Pacific chairman, will step down at year-end and be an adviser to the firm.
Swiss private bank UBS is spending around 1bn Swiss francs (£831m) on an overhaul of its IT system.
Germany would welcome a smaller Deutsche Bank as a way to reduce the lender’s capital requirements, three government officials said.
Bank of America reported its best third quarter for fixed-income trading in five years, becoming the third major U.S. bank to blow past analysts’ estimates for the business.
New York state has paid hedge fund managers $1 billion in fees during the past eight years with little to show for it, officials charged on Monday.
Germany's financial sector has revealed it has opened its doors to British bankers displaced by Brexit, and some businesses looked ready to take up the offer.
Since 2010, when the coalition embarked on austerity, one profession has turned cuts to the public sector into a business opportunity: management consultants.
These asset managers have reduced fees and waived commissions to attract more investors who want rock-bottom prices for funds that track the market.
Property tycoon Wang Jianlin held off Alibaba 's Jack Ma to retain the crown of China 's richest man, a list of the country's billionaires published on Thursday showed.
The financial sector seems to have struggled this quarter, bank analyst Paul Miller told CNBC on Wednesday, two days before Wells Fargo , Citigroup and JPMorgan report earnings.
Tim Sloan was elected Wells Fargo's new CEO late Wednesday after former CEO John Stumpf retired.
John Stumpf still needs to do more to make reparations, Sen. Elizabeth Warren tweeted on Wednesday.
Citigroup hired Takaaki Kato from Morgan Stanley as co-head of equity markets in Japan, its latest effort to bolster its stock trading business in the country.
Steven A. Cohen is boosting the bonuses he pays to the top traders managing his $11bn family fortune, but only if they beat the market.
New York is better placed than major European financial centres to benefit from any loss of business in the City of London as a result of Brexit, a deputy governor of the Bank of England has said.
'There's an inherent conflict between looking after your health and work'.
Deutsche Bank's Asia Pacific wealth management head Ravi Raju is leaving to join UBS, a source with direct knowledge of the move told Reuters on Tuesday, the latest senior departure from the bank in the region.
After weeks of ugly headlines, the worst of the fallout may just be starting for Wells Fargo, according to a new study on the bank's troubles.
How do you get $669 billion in one room? Ask Jes Staley.
The British economy’s post-Brexit vote bounce is losing momentum as the weak pound and higher inflation herald a squeeze in living standards, according to a Guardian analysis.