A top Bank of England policymaker has warned that even if Britain votes to stay in the EU, underlying weakness in the economy could mean that more support is required from the Bank.
The bank 'is a restructuring case after a decade of mismanagement'.
Part of its cost cutting drive.
Quiet trading floors are set to depress global investment banks’ second-quarter revenue 24%, with the underwriting and equities businesses facing the biggest drops, according to analysts at JPMorgan Chase & Co.
Bonus pools could decline by as much as 20% for some Wall Street workers this year, with incentive pay falling at almost every type of financial-services firm, according to compensation consultant Johnson Associates Inc.
Getting paid to manage money may soon be less restrictive at BlackRock than at JPMorgan Chase under a U.S. proposal that could make it harder for Wall Street banks to compete for talent.
Two more bankers joined a list of currency traders suing their employers in London following $10 billion in fines dished out by regulators in the wake of the foreign-exchange scandal.
Deutsche Bank, which runs Europe’s biggest investment bank, remains 'unreservedly' committed to its securities-trading business even as it trims its focus to about a third of customers at the unit, said co-CEO John Cryan.
Credit Suisse has hired Tom Klein from larger rival UBS to oversee capital and liquidity management for the bank’s trading unit, according to two people briefed on the matter.
Switzerland's third-largest listed bank said net new money growth fell short of targets.
Even after a bruising week for gold prices, Wells Fargo strategist John LaForge says it's still not safe to buy.
The dramatic collapse in the pound overnight is being scrutinised by the Bank of England amid suggestions that a “fat finger” error or computer-generated trade was behind the slide in sterling to a new 31-year low.