Reuters reports that the latest reshuffling of the ranks over at UBS Investment Bank has given rise to further thoughts that the Swiss bank might be better off without at least some of it.
Royal Bank of Scotland CEO Stephen Hester wasn't prepared to take it on the chin Wednesday, when he appeared before the UK Public Accounts Select Committee.
Was the Deutsche banker who laughed and waved a £10 note at NHS job cut protesters last week just a silly boy, who should get a slap on the wrist and then be sent back to work ?
The Financial Times reports that Societe Generale CEO Frederic Oudea has bagged his first bonus since taking the helm in 2008.
Goldman Sachs Asset Management has announced it has agreed to acquire Benchmark Asset Management Company, an asset management company in India. The transaction is expected to close later in the year, subject to regulatory approvals. The terms of the transaction were not disclosed.
Lord Turner, chairman of the Financial Services Authority (FSA), said Wednesday that already agreed regulatory reforms will have a major beneficial impact, but that further reforms are needed to make the financial system stable.
Here's a post we've just had in from a foreign banker based in Tokyo.
Here's the press release issued 16th March.
Here's a comment in from one of our readers on the 'A Post From A Foreign Banker In Tokyo' item.
Although the Tokyo-based International Bankers Association has issued a statement signed by 16 of the biggest global banks which confirms that they are currently operating a policy of 'business as usual' in Japan, Reuters reports that foreign bankers are fleeing Tokyo 'en masse', after 'fears of a large aftershock and reports of radiation from damaged nuclear power plants' has caused further panic and accelerated the exodus from Japan's capital city.
Goldman Sachs generated about $10bn over the last five years from investments in funds, holdings that the firm is required to scale back because of the Volcker Rule.
Sir Howard Davies, the former City regulator heading the government’s airport commission, has emerged as a lead candidate to be the next chair of Royal Bank of Scotland.
Morgan Stanley today announced the launch of its Healthy Cities programme in London, following the success of the Healthy Cities programme launched across three cities in the US in 2014.