So much for the idea that easyJet could improve its profits every year.
Deutsche Bank has confirmed that 1,000 jobs are to be cut in Germany.
Reducing the size of the bank.
Barclays traders working on the “front-line” of the foreign-exchange market were sacrificed to satisfy regulators and save the reputations of senior executives, according to an employee fired amid the scandal.
Deutsche Bank, indicted for colluding with Banca Monte dei Paschi di Siena SpA to conceal the Italian lender’s losses, mismarked the transaction and dozens of others on its own books, according to an audit commissioned by Germany’s regulator.
European banks have never traded this cheap relative to U.S. banks, according to an equity research team at Citi, who have turned bullish on the beaten-down sector.
Philip Hammond will attempt to reassure bankers on Wall Street on Thursday that he wants the City to be a leading financial centre after Brexit.
It’s a tough market.
A former Barclays executive Justin Bull said he was "uneasy" suspending traders accused of foreign-exchange manipulation in an internal probe, the second time he’s expressed sympathy for former employees caught up in the allegations.
The goal in hiring is to find the right person to fill the right position.
London now has the second most over-valued property market in the world, beaten only by Vancouver in Canada, according to a new “Bubble index” compiled by Swiss bank UBS.
Nicholas Michael Bonacci, a former mortgage-bond trader at Morgan Stanley, was fined by the Securities and Exchange Commission and suspended from the industry for a year for misleading customers about the value of the securities they were buying, causing them to pay more.
Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years.
Wells Fargo CEO John Stumpf stands to walk from the bank with $123.6m in severance and stock value if he retires from the bank, which is still reeling from a scandal where hundreds of thousands of accounts were inappropriately opened for customers.
Wells Fargo executives will forfeit millions of dollars in the wake of revelations that the bank’s sales quotas led to the creation of more than 2m unauthorized accounts.
Commerzbank aims to cut around 9,000 jobs in the next few years and will scrap its 2016 dividend as part of efforts to reduce costs in the face of negative interest rates, a source close to the bank's supervisory board said on Tuesday.
A bubble in the bond market is nearing a “dangerous situation” as asset-buying programs by central banks keep pushing up prices, Aberdeen Asset Management Chief Executive Officer Martin Gilbert said.
Tim Sloan had a rocky Wall Street debut as Wells Fargo’s chief executive officer, announcing a drop in profit and frustrating analysts hungry for information on the consumer banking scandal that prompted his appointment.
The ultimate winner if Brexit forces banks to flee London may lie 3,500 miles away, far beyond the borders of Europe.
A former senior Barclays executive will take the bank to an employment tribunal next month, as he brings an unfair dismissal claim against his former boss.