Deutsche Bank co-Chief Executive Officers Anshu Jain and Juergen Fitschen said they share duties using a 'first call' system for matters that need to be escalated within the bank, while both providing pressing counsel to clients and politicians.
Oliver Pawle, the former vice-chairman of UBS’s investment bank, is working on a scheme to persuade highly paid bankers to donate 10% of their salaries to charity and to get banks to reveal how many of their staff are doing so.
Barclays did not make any 'illegal payment' to win a banking license in Saudi Arabia, the bank said in a statement in response to a newspaper report last week that said U.S. authorities were looking at whether improper payments were made
JPMorgan Chase and Credit Suisse agreed to pay more than $416m to settle U.S. regulatory claims they misled investors while selling billions of dollars of investments linked to home loans.
Well over half of British voters now want to leave the European Union, according to an opinion poll that shows anti-EU sentiment is sweeping through all three main political parties.
"If men can run the world," asked the American network news broadcaster Linda Ellerbee, "why can't they stop wearing neckties? How intelligent is it to start the day by tying a little noose around your neck?"
In terms of gender balance at the top, the Bank of England is as bad as UK plc. The nine members of the monetary policy committee (MPC) are all men, as are the 11 members of the financial policy committee (FPC). Threadneedle Street has three governors and 10 other executive directors, of whom only one – the HR boss, Catherine Brown – is a woman. Lady Rice is the only non-male among the dozen members of the Bank's court of governors.
A New York man recruited by al-Qaeda was sentenced to the equivalent of two life terms in prison by a federal judge for plotting to bomb the city’s subway system.
Former Federal Reserve Chairman Alan Greenspan told Bloomberg Television's Betty Liu on 'In the Loop Friday morning that 'markets will crater if we run into any evidence that we can't solve this (fiscal cliff) problem'.
Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one.
China is no stranger to skyscrapers of unusual architectural design and while some of the country's ambitious architectures have drawn flak from locals and authorities, this building is making headlines for a different reason.
Situated at the foot of Switzerland's Alps and along Lake Geneva lies one of the most luxurious-and pricey-cities in the world.
The amount of money paid to informants by HMRC in its attempts to crack down on tax evasion has leapt by more than 50% in a year to a record high of £605,000.