A massive cost-saving drive.
London is still exerting its magnetic pull.
Brian Wong, who is a 25-year-old CEO , will be the first to admit that you don't necessarily need skill or talent to become successful.
Credit Suisse has hired Jason Wortendyke from rival Citigroup as co-head of its global diversified industrials, aerospace and defense investment banking group, according to an internal memo on Thursday reviewed by Reuters.
Deutsche Bank has seen some outflows from its wealth management division but the withdrawals were not significant, senior executives told Reuters, responding to concerns about the possible impact of a U.S. fine.
JPMorgan CFO Marianne Lake said Friday that her bank is conducting a "deep dive" into potential cross-selling issues.
Citigroup announced third-quarter earnings and revenue Friday morning that topped Wall Street expectations.
The bank posted earnings of $1.03 a share, versus the estimated $1.01 a share.
JP Morgan Chase beat expectations in its third quarter results on Friday morning.
Completed distressed debt and bankruptcy restructuring activity totaled US$168.4 billion during the first nine months of 2016, a 67% increase from the same period last year.
Focusing on employee conduct.
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Citigroup denied moving too slowly to close out a client’s trades in a lawsuit linked to the market turmoil that followed the Swiss National Bank’s surprise decision to scrap its currency cap last year.
The UK has recorded its biggest-ever month for tourist visits after the referendum-related slump in the pound lured 3.8 million people to British shores in July.
Head of the euro zone finance ministers will use the IMF and World Bank meetings to discuss how the U.S. imposes fines on the European banking sector.
The agency on Friday reaffirmed its low-end investment-grade rating on Deutsche Bank credit.
'In a word, frightening'.
Even after a bruising week for gold prices, Wells Fargo strategist John LaForge says it's still not safe to buy.
For most Americans the fallout of the 2008 financial crisis was all too obvious. The economy imploded, jobs disappeared, house prices collapsed. But coming to grips with the reason it was happening – the run on mortgage-backed securities, collateralized debt obligations (AKA, CDOs), credit default swaps, synthetic derivatives, tranches – was not so easy.
Citigroup is weighing subleasing space in London’s Canary Wharf district after cutting staff numbers in the U.K. capital, according to three people with knowledge of the plan.
JP Morgan Cazenove has been appointed to oversee the sale of London Stock Exchange’s Paris-based clearing business LCH SA for up to €500m, a deal crucial to the success of the company’s merger with Deutsche Boerse.
The United States will seek the extradition from Britain of a former HSBC executive accused of participating in a fraudulent scheme involving a $3.5 billion (3.21 billion pounds) currency transaction, prosecutors said on Friday.