'A perfect storm of challenges'.
A perfect storm.
Credit Suisse’s Tidjane Thiam is the "right man" to lead the lender even though the bank has lost more than half of its market value since he took over, Chairman Urs Rohner said.
Barclays has already scrapped its Brexit crisis plans as the situation is much less severe than bosses had previously feared.
JPMorgan is of two minds about poaching brokers: It can hire whomever it wants from competitors, but many of its own brokers are off-limits.
A former Barclays currency trader has sued the bank for unfair dismissal and whistle-blowing after he was suspended amid a probe into potential foreign-exchange manipulation.
Citadel Securities says it traded record currency volume last week after the U.K.’s Brexit vote sent shock waves through financial markets. The company expects more volatility to come.
Canadian Imperial Bank of Commerce said it will buy PrivateBancorp in a $3.8bn cash-and-share deal, its biggest ever acquisition and a long-awaited expansion in U.S wealth management.
The Brexit vote was a negative shock but the tragedy no longer looks like a 'fait accompli,' George Soros said in a speech at the European Parliament on Thursday, and it has created "positive momentum for a stronger and better Europe".
Banking giant Goldman Sachs has Wednesday refuted claims that the wheels are in motion to move staff to Frankfurt, following the UK's decision last week to leave the EU.
A City banker died following major heart surgery at a private London hospital after a vital piece of equipment was switched off for 19 hours, an inquest heard.
Britain’s jobs market has continued to brush off the Brexit vote after a rise in employment in August to a joint record high.
Morgan Stanley could do little but watch as a team of advisers overseeing $2.2bn in assets quit last month to start their own shop, the latest in a string of departures that have shifted billions of dollars in assets away from big Wall Street banks.