Fitch added to Wells Fargo's worries late last night when it downgraded its ratings' outlook from stable to negative.
Nice work if you can get it.
Deutsche Bank’s troubles are being exacerbated because of its size relative to other global banks such as JPMorgan, which would be able to withstand the threat of large fines more easily, Evercore Partners Chairman Roger Altman said.
Centerview Partners, the investment bank co-founded by Blair Effron and Robert Pruzan, hired Sean Carmody from JPMorgan as a partner focused on the financial-services industry.
A senior deal maker at Goldman Sachs, John Vaske, will retire from the investment bank after 28 years, the company announced on Tuesday.
Credit Suisse is seeking to secure a key banking licence in Saudi Arabia as part of plans to expand in the kingdom.
The Bank of England could take interest rates to zero and unlock another £280bn of quantitative easing if the economy slows in the wake of the Brexit vote.
Credit Suisse is starting two hedge funds focused on quantitative strategies as part of a broader effort to build the bank’s asset management unit, according to a person with knowledge of the matter.
Britain’s banks face a ban on restrictive contract clauses and misuse of league tables in pitches to clients, in an attempt by the U.K.’s financial regulator to shake-up competition in investment and corporate banking.
Massachusetts became the latest state to penalize Wells Fargo over its bogus accounts scandal by pulling the bank from a list of approved bond underwriters.