A vote to leave the EU in June’s referendum will threaten the UK’s strong credit score, potentially pushing up the cost of government borrowing, the ratings agency Moody’s has warned.
Any deeper cuts could hurt its businesses.
Deutsche Bank is cutting 75 jobs from its fixed income division, split between London and New York.
Bank of America’s Bruce Thompson, who stepped down as CFO last year, will stick with the company in a role dealing with the bank’s biggest corporate clients.
Is Wall Street research the next frontier for ETFs?
HSBC said on Monday it was being investigated by the Securities and Exchange Commission in relation to hiring practices of candidates with ties to government officials in Asia.
Milan prosecutors are investigating Credit Suisse on suspicion of money laundering and tax evasion over billions of euros of insurance policies sold Italian clients and used to shield funds from authorities, people with knowledge of the case said.
Garth Ritchie, who leads Deutsche Bank’s trading business, told staff the firm is targeting a profitability target of more than 10% for the unit as Europe’s largest investment bank reorganizes in a bid to boost returns.
UBS has hired two bankers - one for its equity capital markets business and one for the financial sponsors coverage group - to grow its services for sponsor clients.
Another week, another big tech deal where Wall Street's top institutions didn't get a piece of the action.
Bank of America said its businesses and results could be adversely affected and it may have to incur additional costs if Britain's exit from the European Union limits the ability of its UK entities to conduct business in the bloc.