According to a study conducted by Accounting Degree Online, wealthier people are more likely to be unethical than those with a lower income.
Europe is only at the beginning of a "very tough, very long, hard road" to recovery and its future is still a threat to the US economy, Timothy Geithner, the treasury secretary, warned on Tuesday.
Instinet, a global leader in electronic trading and agency- only brokerage services, has announced a reciprocal liquidity agreement between its Asia-Pacific broker-dealer units and JPMorgan, broadening the Asian liquidity access opportunities available to each firms’ institutional clients.
And still the job cuts come.
Oh no they aren't!
By Patricia Dredze
What's in a name ?
The Financial Industry Regulatory Authority (FINRA) has announced that it has fined Citi International Financial Services LLC, a subsidiary of Citigroup, Inc., $600,000 and ordered more than $648,000 in restitution and interest to more than 3,600 customers for charging excessive markups and markdowns on corporate and agency bond transactions, and for related supervisory violations.
Jefferies has announced its financial results for its fiscal first quarter ended February 29, 2012.
RBC Wealth Management will acquire the Latin American, Caribbean and African private banking business of Coutts, the wealth division of Royal Bank of Scotland Group. The business has client assets in excess of US$2bn.
Fund manager assets in Europe are slowly catching up with their U.S. counterparts after a 15 percent jump in money under management in the currency bloc, and it looks as though the European Central Bank's bond-buying program can only help the industry.
It was 1992 when the Hong Kong and Shanghai Banking Corporation burst on to the UK banking scene by taking over Midland bank. It was an audacious bid that not only put HSBC on the map in Europe but forced the bank to relocate its head office from Hong Kong to London.