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.
Stephen Hester is to quit as the chief executive of bank Royal Bank of Scotland with a pay off at least £1.6m – and up to £5.6m – as the bailed out bank prepares for privatisation.
Back office technology, support 'need to come down'.
The argument that companies like JPMorgan should split their chairman and CEO jobs to strengthen corporate governance is "the dumbest idea in the world," former GE boss Jack Welch told CNBC on Tuesday.
Men are still earning more than women, and although the gap is closing, women havent caught up just yet. Salaries aside lets find out who wins the battle of the sexes when it come to managing their finances.
Careful what you wish for.
Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalise on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according to people familiar with the bank's plans.
Bank of America has hired junk-bond trader Brian Zucker from Jefferies Group, according to people with knowledge of the matter.