All eyes will be on Barclays investment bank when it announces fourth-quarter results on Thursday, as investors look to see if CEO Jes Staley’s pledge to keep the securities unit is paying off.
The first inkling I had that I was going to lose my job was when my boss at UBS in New York suggested we go off the desk for a coffee.
Here's a league table of 30 of the biggest trading losses of all time (excluding CDO losses post 2007).
JPMorgan Private Bank, a unit of JPMorgan Chase & Co named Oliver Gregson as head of its UK and Nordics markets.
Citigroup may choose Frankfurt as the headquarters for its European investment banking and trading activities as part of its Brexit contingency plans, the bank's European chief told Frankfurter Allgemeine Zeitung.
In decades to come, people will reflect on the present day with bewilderment and say: “they had humans doing what?”
Gotham Asset Management, the $6 billion money manager run by Joel Greenblatt and Robert Goldstein, is exploring a new fee structure that ties more of the fund’s pay to performance.
Lloyds Banking Group has boosted its bonus pool, after reporting its statutory pre-tax profits had more than doubled for 2016.
The overall banking and legal fees on this deal have been estimated to be a much as $1bn.
Two former currency traders from Deutsche Bank and HSBC were sentenced to jail terms of as long as 15 weeks for cheating the banks by making false trades.
When filmmaker Peter Kunhardt asked friend Peter Buffett if his dad would be open to him making a documentary out of his life, Buffett told Kunhardt to write him a letter.
Citigroup has agreed to pay a penalty of almost 70 million rand ($5.4 million) to settle a South African antitrust investigation that said it participated in an alleged cartel to manipulate the value of the rand.
Unilever forced Kraft Heinz to abandon its £115bn bid for the company after the Anglo-Dutch maker of Marmite and Flora said it would use every tool at its disposal to fend off a deal.
The trickle toward indexes has turned into a flood, with more than half a trillion dollars heading into passive funds over the past 12 months.
Bank of America awarded CEO Brian T. Moynihan $20 million for his work last year, raising his compensation 25%, while Citigroup cut CEO Mike Corbat’s by 6.1% to $15.5 million.
Here's something sent in by one of our readers.
It’s an unseasonably warm February Friday in the City of London, and as the clock ticks towards lunchtime, the pubs and restaurants around Leadenhall Market steadily fill up with bankers, brokers, traders and lawyers.
How logical are you ?
Pyschologist David Maxfield says most people don't realize they're making crucial mistakes.
The Oracle of Omaha still values a good deal.
A top Bank of England official has hit out at the rise of “fake news” in a strident defence of the role of experts in society.
Barclays revealed this morning that its profits before tax shot up during 2016, as it announced it would close down its non-core unit earlier than planned.
Regulators Have a “Wait and See” Attitude About Regulating Fintech