The nef briefing, 'Feather-Bedding Financial Services, asks, in addition to the unprecedented public support for the UK financial sector over the past three years, how much are the big banks benefiting from hidden subsidies ?
Credit Suisse has executed a definitive agreement with strategic investors, Qatar Holding LLC and The Olayan Group, to issue an aggregate of approximately $6.4bn of Tier 1 buffer capital notes to be paid up no earlier than October 2013 for cash or in exchange for Tier 1 capital notes issued in 2008.
The Australian reports that John Fraser, Chairman and CEO of UBS Global Asset Management, told the newspaper that compensation levels in the banking industry are 'remarkable'.
Liverpool FC Legend Ian Rush joined over 100 local and visually impaired children from London at the Standard Chartered Football Clinic at the London Soccer Dome over the weekend.
The Royal Bank of Scotland plc (RBS) has announced that Scott Eichel has been appointed Global Head of Securitized Products and Head of US Credit for its Markets franchise within its Global Banking & Markets division.
BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group, has hired three senior fixed income professionals to continue the expansion of its Global and US Fixed Income Institutional Sales and Trading groups.
Standard Chartered's Richard Holmes is the latest subject of our 60 Second Interview.
Barclays Wealth has announced the appointment of Solomon Soquar as Managing Director, Head of the Strategic Solutions Group (SSG).
Barclays Capital, so long the poster child for big banker bonuses, is said to have reduced its 2010 bonus pool by 15%.
The Financial Times is reporting that Barclays new CEO Bob Diamond is set to unveil a radical new pay plan for over 1,000 of the bank's senior staff at Managing Director level and above.
Even JPMorgan, a Wall Street winner since the financial crisis and now the world’s biggest investment bank, is considering shrinking some trading businesses because new rules make them less profitable.
The Bank of Portugal has stuck to a decision to keep a loan linked to Goldman Sachs in a 'bad bank' carved out after the rescue of Banco Espirito Santo (BES), putting the central bank and Goldman on course for a legal battle.
BNY Mellon has said it included an additional after-tax legal expense of $598m to its reported fourth-quarter results, anticipating resolution of foreign exchange-related actions and other matters.