CEO James Gorman is a man with a plan.
Barclays CEO Antony Jenkins said bankers must regain their moral footing and serve society’s long-term interests if the industry is to undo the damage caused by the financial crisis.
Royal Bank of Scotland CEO Stephen Hester was persuaded to step down by the board amid a decision from the U.K. Treasury to privatize the lender by the end of 2014.
John Thain, former chairman and CEO of Merrill Lynch and COO at Goldman Sachs, told Bloomberg Television's Erik Schatzker and Sara Eisen on 'Market Makers' Wednesday that a crisis like the one in 2008 could 'absolutely" happen again'.
Royal Bank of Canada will consider acquisitions of as much as US$4.9bn as it seeks to expand its wealth-management unit, Chief Financial Officer Janice Fukakusa said.
Stephen Hester's departure as the CEO of U.K.-taxpayer owned Royal Bank of Scotland has surprised London's financial sector with one major shareholder calling the move damaging and "plain stupid".
Centerview Partners said on Wednesday that it had poached two senior media bankers from Morgan Stanley in the latest hiring by the boutique investment bank.
Perhaps as early as today.
The debate about the future of Royal Bank of Scotland was raging on Wednesday night after the surprise resignation of the bailed out bank's chief executive Stephen Hester.
Here's what RBS said about the departure of CEO Stephen Hester, who is set to go later this year.
Chill economic winds from China have left the FTSE 100 nursing its worst monthly losses since May 2012 after a week that saw global stock markets shaken by concerns over the world’s second largest economy.
Citic Securities fell after a magazine reported that three members of the executive committee of China’s biggest brokerage had been asked to assist police investigating suspected securities trading violations.
The U.S. Treasury on Thursday said it had reached an agreement with UBS for the bank to pay a $1.7m settlement for 'apparent violations' to U.S. sanctions.