BB&T Securities is ending its equity research coverage and curtailing institutional sales and trading activity, eliminating at least 61 jobs as part of an overall restructuring within its equity capital markets and related operations.
The U.K. Serious Fraud Office has started re-interviewing former Barclays executives over the bank’s 2008 Qatar fundraising, as the agency aims to complete its investigation by the end of the year.
'The markets are challenging, the capital markets are going through a significant restructuring and banks are also going through a significant restructuring, using more capital, being more liquid, which is all making the financial system much safer but (it) does pose a challenge in terms of profitability'.
President Francois Hollande’s government will have to go beyond current efforts on tax if it hopes to attract banking business to Paris in the wake of the U.K. decision to leave the European Union, BNP Paribas Chief Executive Officer Jean-Laurent Bonnafe said.
Bank of New York Mellon appointed Marleny Cheshier as a senior wealth manager in its Newport Beach wealth management office.
Barclays profits slumped in the first half of the year as new chief executive Jes Staley pressed on with plans to restructure the bank and retrench from Africa.
UBS, the Swiss bank, beat expectations Friday with a second-quarter net profit of 1.03 billion Swiss francs ($1.05 billion), higher than the 680 million Swiss francs forecast by analysts.
Nomura’s embattled investors have something to cheer about after the brokerage unveiled plans to buy back more shares and posted its biggest overseas quarterly profit in seven years.
Credit Suisse won a lawsuit by property owners in four upscale resorts in the western U.S. who alleged that the investment bank funded loans based on inflated appraisals of the developments that caused their financial ruin.
Growing worries about the economic outlook have dented the confidence of UK households and manufacturers, according to the latest reports to suggest the Brexit vote result will slow the economy.
The City’s most senior regulator has pledged to clean up the behaviour of major financial firms after a “very sorry” history of scandals.
The authors of a new report forecasting that it could take 170 years to eradicate the disparity in pay and employment opportunities for men and women have called for urgent action to close the gender equality gap.
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