When UBS wealth manager Abdallah Najia came to Switzerland from Dubai in March for a week of training, he was as stunned by the message as by the scenery.
Credit Suisse is facing a shareholder revolt over pay after an influential advisory group asked investors to block the Swiss bank’s plan to issue shares for employee bonuses.
I was just 16-years-old when I wrote to Margaret Thatcher. It was 1975, and she had just become Leader of the Conservative Party.
The long exile of "trading" from the earnings reports of Goldman Sachs has come to a quiet end.
European lawmakers voted on Tuesday to cap banker bonuses at the region’s largest institutions, as part of a major set of reforms designed to curb the financial industry’s risky behavior.
Bank of America Corporation has reported net income of $2.6bn for the first quarter of 2013, compared to $653m in the first quarter of 2012. Revenue, net of interest expense, on a fully taxable-equivalent basis rose 5% to $23.7bn from $22.5bn a year ago.
The deadly Boston Marathon bombings won't "change the way we live" in the United States, said Jack Jacobs, a retired U.S. Army colonel who received the Medal of Honor.
Barclays has failed to win the all-clear from a powerful investors' group about the way it is using complex financial instruments to raise capital and pay its bankers.
It started with a tale of over-the-top payments – the £170m that was proposed for 70 top Xstrata executives, and then shot down by shareholders – and now it's ending in similar fashion.
Scott Merrillees, the chief financial officer at embattled mining group Bumi, is to step down from the board after the scandal-hit company has twice been forced to delay its financial results.
Bank of America Merrill Lynch has hired a longtime deal specialist in the consumer and retail industries to join its mergers practice.
A former UBS trader charged as part of a U.S. investigation into Libor rate manipulation lost a bid to have the case dismissed on Monday, with a federal judge ruling that a fugitive from U.S. justice had no right to mount a legal challenge.
JPMorgan said authorities are examining what its wealth management businesses and private bank told customers when selling them the company’s own investment products and enlisting hedge funds.