Stuart Gulliver, chief executive officer of HSBC, will stand down in two years as the bank replaces its top leadership, according to the Sunday Times.
UBS is now expected to pay $69.8m to resolve a U.S. regulator's lawsuit alleging it sold toxic mortgage-backed securities to corporate credit unions that later failed, according to a Friday court filing.
Wall Street pulled off a minor miracle of sorts last week, with most of the biggest banks matching or topping their earnings estimates.
8 firms were competing in 4 head-to-heads - the winner of each contest goes through to the Final.
The Kremlin has apologized over Russian President Vladimir Putin's accusations that U.S. bank Goldman Sachs was behind one of the leading German papers that publicized the Panama Papers leak which drew links to Putin's associates.
Citigroup reported a sharp decline in quarterly profit on Friday, hit by weak revenue, costs related to shrinking businesses, and loans to energy companies that are going bad.
Startup culture is now so embedded in our life it seems almost impossible to imagine life without it. Everyone wants a bit of that entrepreneurial magic these days.
Credit Suisse will stop publishing research that previews companies’ financial results in Japan after the securities watchdog found that its local securities unit leaked information about a company’s earnings.
Centrica will cut 3,000 jobs this year as the group, which owns British Gas, reduces costs to shore up its financial position.
Singapore’s private banks are coming under scrutiny for earning bonuses by selling risky debt, as the city sees an unprecedented wave of defaults. The central bank says an industry group is reviewing the practice.
Hong Kong’s securities regulator fined a Morgan Stanley unit $2.4m over internal control failures.
If the radical change in other sectors are any indication, then it won't be long before computers completely take over from the manual system of trading.