The Royal Bank of Scotland Group (RBS) has reportd a 2010 operating profit of £1,913 million, compared with a loss of £6,090 million in 2009.
'Deutsche Bank is disappointed by the recommendations of the Financial Services Commission (FSC) in relation to allegations of market manipulation by the Bank's employees on November 11, 2010 and any incidental involvement of its local brokerage unit, Deutsche Securities Korea (DSK).
Skadden, Arps, Slate, Meagher & Flom LLP announced Wednesday with profound sadness that Joseph H. Flom has passed away. He was 87 years old.
Just how prestigious is your firm these days, post the financial crisis ?
For more than a decade, Greg Secker has been an extremely successful trader, coach and business leader. He was vice-president at 24 at a major US investment bank, responsible for the online trading of billions of dollars in the currency markets.
The New York Post reports that more details have emerged about Madoff Trustee Irving Picard's $425m claim against Citigroup.
Concerns are growing that global lawmakers / regulators have got it all wrong on compensation. In fact, they've got it totally back to front.
Here's a few bits of gossip about some interesting personalities.
Morgan Stanley has announced the appointment of former U.S. Congressman Harold Ford, Jr. to the Firm as a Managing Director and senior client relationship manager.
The Financial Services Authority (FSA) has announced that it has fined DB Mortgages, part of the Deutsche Bank Group, £840,000 for irresponsible lending practices and unfair treatment of customers in arrears, and secured redress of approximately £1.5m for DB Mortgages' customers.
A dismal fourth quarter for the industry saw steep declines in revenues for banks' trading desks, especially those covering the fixed-income and credit markets, and banks haven't been able to get their message straight on what exactly is causing it.
International Monetary Fund chief Christine Lagard said Thursday the Swiss central bank's announcement that it would remove a 3-year-old cap of 1.20 francs per euro was "a bit of a surprise."
Ever wondered what goes down ?