The $41-million clawback that Wells Fargo slapped on CEO John Stumpf is a good start, but it's not enough, says one prominent banking analyst.
Experts and analysts in the industry are playing down comparisons between Deutsche Bank and the dramatic collapse of Lehman Brothers eight years ago.
Oil and share prices rose after Opec members struck a deal to limit crude output for the first time since 2008, in an attempt to ease a global glut that has more than halved crude prices in the past two years.
A bailout of Deutsche Bank won't happen for political reasons, according to risk consultancy Eurasia Group.
A former BlackRock portfolio manager was charged with insider trading, making him one of the most high-profile individuals prosecuted by the U.K. financial markets regulator.
Michael Bitton, the global head of delta one and head of North American prime finance at Citigroup, has left the firm, according to a person familiar with the matter.
German officials could be about to find themselves in an uncomfortable position: Being called on to show they're ready to rescue a bank in a part of the world where such operations are considered taboo.
Royal Bank of Scotland said it would resurrect the NatWest Markets brand for its investment bank as part of its plan to meet rules designed to prevent a repeat of its $59bn taxpayer-funded bailout during a financial crisis.
Whatever Wells Fargo is selling, Congress is not buying it. “Your bank was turned into a school for scoundrels,” New York congresswoman Carolyn Maloney told the chief executive, John Stumpf, at his second grilling in Washington in as many weeks.
Deutsche Bank told CNBC on Thursday that it has seen outflows, but the prime brokerage business is "still very profitable" for the company.
Brian Wong, who is a 25-year-old CEO , will be the first to admit that you don't necessarily need skill or talent to become successful.
Credit Suisse has hired Jason Wortendyke from rival Citigroup as co-head of its global diversified industrials, aerospace and defense investment banking group, according to an internal memo on Thursday reviewed by Reuters.
Deutsche Bank has seen some outflows from its wealth management division but the withdrawals were not significant, senior executives told Reuters, responding to concerns about the possible impact of a U.S. fine.