Bank of America equities chief Fabrizio Gallo is executing his second major management shakeup since moving to New York in 2015, giving two executives more control of operations handling stock sales to customers.
The Bank of England governor, Mark Carney, has fallen victim to an online prankster who got him to joke about one of his predecessor’s supposed drinking habits.
Mizuho Financial Group’s investment bank is targeting a bigger share of global financial bond deals as it seeks more profits overseas and expands its debt capital markets business at home and abroad.
UBS has agreed to buy a majority stake in Consenso Investimentos Ltda., Brazil’s biggest independent multi-family office, becoming the latest Swiss bank to bet on the industry’s growth.
Royal Bank of Scotland was locked in talks with claimants last night as the lender fights to avoid a high-profile court battle.
Barclays is facing a £1.6bn lawsuit in one of the biggest claims for payment protection insurance (PPI) mis-selling, it emerged today.
M&A Within EU At 10-Year High
Talks are still going on to avert a legal battle that would force Royal Bank of Scotland’s disgraced former chief executive Fred Goodwin to give evidence at the high court.
Germany’s finance minister has become the latest continental European politician to make a verbal grab for London’s euro clearing market.
No more hoax emails.
Morgan Stanley's executive compensation plan received the support of over 90 percent of its shareholders at the bank's annual meeting in its Purchase, New York wealth management headquarters on Monday.
Shortly after Bernie Madoff arrived in prison, at the start of a 150-year sentence, the mastermind behind the largest fraud in financial history was slapped across the face.
The U.S. Department of Justice and Citigroup said on Monday that they have settled a criminal investigation into violations of anti-money laundering rules and the Bank Secrecy Act at the bank's Banamex USA unit.
Luxembourg is luring firms on the lookout for a post-Brexit foothold in the European Union, from JPMorgan Chase to insurance giant American International Group.
Piper Jaffray has announced the hiring of Chris Geyer and Tim Shea. Based in Minneapolis, Geyer and Shea will be part of the firm’s diversified industrials & services investment banking group.
Jim Donovan is dropping out as President Donald Trump's nominee to serve as deputy Treasury secretary, Politico's Ben White says.
The Federal Reserve Board on Friday announced that it has imposed a $1.2 million fine and a permanent ban on employment in the banking industry against Christopher Ashton, the former Global Head of Foreign Exchange (FX) Spot Trading at Barclays Bank, in connection with the manipulation of FX pricing benchmarks.
Bank of America Merrill Lynch has reorganised its energy, power and mining investment banking teams, combining them under the leadership of Julian Mylchreest, according to a memo seen by Reuters on Thursday.
The billionaire investor Steven A. Cohen may be barred from managing outside money until next year, but he has already hinted that he plans to get back into the hedge game.
Royal Bank of Scotland has made a last-ditch effort to avert a high-profile court case brought by thousands of investors who claim they were misled into buying the bank’s shares in the runup to its taxpayer bailout.
Wells Fargo’s Tim Sloan has a role model when it comes to cleaning up the problems at his firm: Brian Moynihan of Bank of America Corp.
A firm hired by the U.S. to distribute $4 billion to victims of Bernard Madoff’s Ponzi scheme has racked up $38.8 million in billings over four years. The investors are still waiting for their first checks, though.
Wall Street banks may not be able to sell their U.S. research to European asset managers because a regulatory conflict between the two regions looks unlikely to be resolved before a January deadline.