Credit Suisse has posted its first annual loss in eight years, with the bank warning that it is "not clear" when financial markets will start to rebound.
Brits have been working fewer hours in the last year, reversing the hard slog of the economic downturn.
Wells Fargo agreed to pay $1.2bn to resolve claims related to its Federal Housing Administration mortgage practices.
The chairman of the Treasury committee has stepped up the pressure on the accounting watchdog over its examination of KPMG’s auditing of the failed bank HBOS.
No wonder it's difficult to get candidates with good quant skills. Enjoy!
Barclays will dismiss about 150 staff in Dubai as it restructures its Middle East corporate banking business, a person with knowledge of the matter said.
JPMorgan and a U.S. Bancorp unit failed to stop executives at now-defunct Peregrine Financial Group from stealing their funds on deposit, according to former customers who lost money in a $200m swindle.
Dozens of former Credit Suisse advisers who have been fighting for their deferred compensation after leaving the bank last year scored a partial victory on Friday when the brokerage industry’s main regulator said member firms cannot make workers waive their rights to settle disputes in the regulator’s own arbitration forum.
HSBC is selling $2.7bn of loans as part of a plan to cut risk-weighted assets by $290bn over the next three years, according to two people with knowledge of the sale.