Bank of America has promoted A.J. Murphy to head global capital markets, succeeding Jim Probert, who’s leaving after two years in the job and more than two decades at the firm.
Bank of America’s Merrill Lynch units won a case on appeal to Japan’s highest court against a ruling that they must pay damages to failed consumer lender Takefuji Corp. for their role in a bond transaction.
Employment in the Eurozone climbed at the end of last year as the currency-bloc's moderate economic recovery continued.
Increasingly complicated regulation is bulking out the pay packets of those who keep companies on the straight and narrow, according to research shown exclusively to City A.M., but advances in technology could force a shakeup in what the typical role looks like.
Economists at Morgan Stanley are becoming increasingly worried the global economy is teetering on the brink of recession.
Japan's central bank kept its powder dry at its March policy review on Tuesday, with economists only expecting further stimulus in July as the central bank waits to assess the impact of its uncharted entry into negative interest rates.
Everyone’s very kind, almost apologetically so. Nothing is too much trouble, it seems - after you’ve been given the cheery news that your career is effectively over, that is.
A sign of the times.
Now this might surprise you.
But there's a catch.
Deutsche Bank has vowed to challenge a $14bn claim by the US Department of Justice to settle an investigation into its selling of mortgage-backed securities.
The action taken against Wells Fargo for opening unauthorized accounts is a "political gift" to regulators, analyst Edward Mills said Friday.
Shares in Deutsche Bank, Germany’s largest bank, took a dive after news that the institution faces a $14bn (£10.5bn) charge over mis-selling mortgage securities in the US.