UBS boosted its profitability goal and announced plans for about 10,000 job cuts as Chief Executive Officer Sergio Ermotti moved to shrink the investment bank and focus on wealth management.
Now here's an interesting little tiff.
Mizuho Financial Group, Japan’s third-biggest bank by market value, has added to its team of Japan stock analysts in a bid to surpass top-ranked researcher Nomura.
Barclays' warning that a US regulator is accusing it of attempting to manipulate electricity prices is just the latest item on the lengthy to-do list for new chief executive Antony Jenkins.
Britain big banks made "constant threats" to flee the UK if the government forced them to split high street divisions from their casino banking arms.
Sandy could be the fifth-biggest hurricane in US history in terms of insured losses, according to early industry estimates, Allstate CEO Thomas Wilson told CNBC’s 'Closing Bell' on Wednesday.
Here are links to last week's top 20 stories.
As UBS sets about implementing the painful decisions required to carry out its restructuring, thoughts are now turning to rival firms who might have to go through a similar process.
Goldman Sachs President and COO Gary Cohn spoke with Bloomberg Television’s Stephanie Ruhle and Erik Schatzker about the impact of Hurricane Sandy on the bank from Cleveland, OH Tuesday morning.
Just some of the devastation caused by Sandy snapped on smart phones ....
PricewaterhouseCoopers has lost another key audit contract from a major retailer after John Lewis ended a partnership which dates back at least 20 years.
Having money from economic growth flow to poor people rather than the rich feeds into a lift in the rate of economic growth and lower unemployment. Conversely, as income inequality increases, the potential for economic growth is constrained.