Credit Suisse is placing asset management under the twin direction of its wealth management and Swiss banking divisions, it said on Sunday, announcing a further strategy rejig after a shake-up in October.
Andrew Bailey, the incoming head of the Financial Conduct Authority, said improving the culture of City firms is a priority and that “hubris” needs to be added to the list of risks firms face.
Banker-bashing: it's one of the UK's favourite hobbies. But now the soon-to-be boss of the Financial Conduct Authority (FCA), Andrew Bailey, has said it's time to start using the carrot, rather than the stick.
Goldman Sachs was named as a defendant in an antitrust case alleging the firm was part of a conspiracy to discourage trading on the plaintiffs’ platform for exchanging swaps tied to interest rates.
The mastermind of an $8bn money-laundering operation that prosecutors billed as the biggest ever got hung out to dry.
UK businesses are increasingly pessimistic about the economy – but hungry to complete deals.
Here's another 11 classics.
'The markets will never be the same as they were pre-crisis or even post-crisis'.
Wall Street is going the extra mile to win hearts and minds on Main Street, plowing hundreds of millions into a wide gamut of community projects.
BNP Paribas's plan to cut over 10% of its investment banking jobs in France will affect IT and operations staff along with corporate trade and treasury, financing, advisory and global markets, among others, the CGT union said.
ING Groep plans to cut about 5,800 jobs in Belgium and the Netherlands over five years to reduce costs as the lender accelerates its digital transformation.
The role played by hedge funds in the market volatility surrounding Deutsche Bank has once again highlighted the pressures faced by smaller asset managers.
Royal Bank of Canada (RBC) is cutting 15 investment banking jobs in London amid a slowdown in activity in the region, sources familiar with the matter told Reuters.