Nomura’s largest securities firm, may buy an Asian investment bank or broker to tap the region’s economic growth and increasing number of affluent people, Chief Executive Officer Koji Nagai said.
Antony Jenkins, the new Chief Executive of Barclays, is to announce a shake-up of the business early next year which will shrink the investment banking division and bankers’ paydays.
Royal Bank of Scotland is in talks with the U.K.’s Financial Services Authority to settle accusations that some of its employees conspired to manipulate Libor interest rates, a person familiar with the matter said.
By Guest Columnist William Frierson
Canada Outbound Cross Border M&A up 47%
They have the potential to throw the stock exchange into turmoil, trigger frenzy on bond markets and bring down the German government.
Welcome to the world of mergers and acquisitions, Mr Blair. You've picked a corker – a deal that threatens to become the nastiest and most bitter we've seen for years. The decades-old friendship-cum-jolly-rivalry between Glencore's Ivan Glasenberg and Xstrata's Mick Davis already looks to be dead. And in the middle of the drama stand your friends from Qatar, who will settle the outcome.
The Financial Times has reported that several large investment banks are getting ready to wield the job axe, as industry staffing levels look set to fall back in Europe to 1996 levels.
Kweku Adoboli, accused of unauthorized trades that cost UBS $2.3bn, will go on trial next week charged with fraud and false accounting in one of the highest-profile banking cases ever heard in London.
JPMorgan's wrong-way bets on derivatives are the focus of an escalating investigation by a U.S. Senate panel led by Carl Levin that has grilled executives from banks including Goldman Sachs and HSBC, three people briefed on the inquiry said.
Angela Merkel has delivered an unusually sharp rebuke to the Greek government, accusing it of failing to implement necessary structural reforms while insisting a last-minute deal was still possible to keep it in the eurozone.
JPMorgan’s Jimmy Lee was remembered as a tough competitor, a favourite golfing partner and a 'force of nature'.
People who work in technology could become as hated as bankers, a top U.K. lawmaker has warned, as employees in the sector get richer.