Barclays agreed to transfer a portfolio of derivatives contracts to JPMorgan, as the bank speeds up the sale of unwanted assets to reduce its capital requirements.
Deutsche Bank must face a U.S. lawsuit seeking to hold it liable for causing $3.1bn of investor losses by failing to properly monitor 10 trusts backed by toxic residential mortgages, a federal judge ruled on Wednesday.
Much of the world economy is grappling with huge challenges which are causing risks to European growth to increase, the European Commission has said.
The Following are excerpts from a CNBC interview with Julia Chatterley, and Tidjane Thiam, CEO of Credit Suisse.
Bank-stock investors are overestimating the impact of tough times in the oil industry on the banking sector, says Dick Bove.
ConocoPhillips on Thursday reported a much bigger quarterly loss, hurt by impairment charges, and slashed its dividend as the relentless fall in crude oil prices takes a toll on the largest U.S. independent oil and gas company.
Shell has reported an 87% collapse in annual profits to $1.9bn despite axing thousands of jobs.
Analysts at Goldman Sachs are warning that sterling could fall by up to 20% if Britain votes to leave the European Union.
But investment bank remains 'core to our strategy'.
Julius Baer has become the latest in a string of companies which has reported bumping up its bottom line on Brexit uncertainty, as it issued its half year results Monday.
Goldman Sachs , one of the world's biggest investment banks, gave credibility to a deal dubbed the "unacceptable face of capitalism" by U.K. lawmakers and "underplayed" their role in negotiations, according to a critical report by MPs.
Mizuho Financial Group is hiring for bond underwriting on Wall Street, emboldened by winning a bigger slice in managing deals since adding bankers from Royal Bank of Scotland in 2015.