A top U.S. banking regulator called Deutsche Bank's capital levels "horrible" and said it is the worst on a list of global banks based on one measurement of leverage ratios.
All chief executives had to come to terms with professional mortality, Stephen Hester said last year. "Chief executive jobs bring with them job insecurity … I've always accepted that part of it is that I will not exit in a way and timing of my choice," Hester said.
Renowned investor, Anthony Bolton is set to retire from Fidelity next year after three decades working in the fund management industry, ending his career with what he described as "disappointing" returns for investors after his bullish views on China failed to pan out.
Singapore’s monetary authority censured banks for trying to rig benchmark interest rates and ordered them to set aside as much as $9.6bn at zero interest pending steps to improve internal controls.
Bumi, the coal miner co-founded by financier Nat Rothschild, has lined up former BP executive John Manzoni to serve as its chairman once it has split from Indonesia's powerful Bakrie family.
Safety on North Sea oil platforms is being compromised because the workforce is scared to speak out, a three-day conference to mark the 25th anniversary of Britain's worst offshore accident will be told on Tuesday.
George Osborne will doubtless lay the compliments on thick when he says a public goodbye to Sir Mervyn King in his annual Mansion House speech this week.
New Palestine, Indiana, (population 2,000) is as far removed from the runways of London, Paris, Milan or New York as it is possible to imagine.
JPMorgan Chase announced Friday that the partners of One Equity Partners (OEP), the firm’s private equity unit, will begin to raise their next fund from an external group of limited partners and become independent from the bank.