Continued fallout from energy loans and sliding banking revenue could have disparate impact at other big banks.
Hedge funds and private equity firms took the least amount of office space in central London since the start of 2012 in the first quarter, according to broker Cushman & Wakefield, as sputtering global growth and increased regulation deterred startups.
Fresh doubt has been cast on the ability of George Osborne to sell off the state’s remaining stake in Royal Bank of Scotland at a profit following remarks by the outgoing head of the Treasury.
Deutsche Bank has reached a settlement in a lawsuit over allegations it manipulated silver futures prices, lawyers for traders said in a court filing.
The CME Group plans to close its New York trading floor by the end of the year, the company said in a Wednesday press release.
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.
"Monetary policy is thwarting goals to strengthen the economy and to make banks safer by now," John Cryan says.
The US has been accused of “behaving like a tax haven”, in an escalating war of words between Washington and Brussels over the European commission’s anti-trust cases against Apple, Amazon and Starbucks.
American banks spent the second quarter crying all the way to the, well, bank.