Barclays has shed 8,000 jobs in four months, the fastest headcount reduction in at least five years, as it steps up a big cost-cutting drive.
Nomura has named James O’Neile as Asia-Pacific head of cash-equity sales as it reorganizes and cuts jobs in its regional equities business.
Goldman Sachs has warned its staff against endorsing either side of the European Union (EU) referendum campaign despite donating hundreds of thousands of pounds to the group leading the push to avoid Brexit.
The nearly $3 trillion hedge fund industry posted, by one account, its best performance in more than four years in March.
Citigroup has become the latest bank to ply the pro-EU camp with a six figure sum, ahead of the referendum this summer.
The Financial Conduct Authority has proposed a shakeup in the market for initial public offerings (IPOs) as part of a clampdown on anti-competitive practices in investment banking.
The firm's restructuring is also said to be 'spreading'.
Credit Suisse CEO Tidjane Thiam has at least one investor that keeps betting bigger on his turnaround.
Mary Ann Deignan, co-head of global equity capital markets at Bank of America is leaving the firm to join Lazard, according to people familiar with the matter.
The sharp drop in the pound has attracted tourists to the UK on shopping sprees, driving a jump in tax-free spending by overseas visitors, according to industry figures.