A new report by Mercer highlights that 2015 saw the world’s financial services organisations continue to respond to regulatory developments by increasing fixed pay, decreasing variable pay (bonuses) and increasing the emphasis on non-financial performance.
Citigroup had one of its most profitable years in recent history in the repurchase-agreement market, the bank’s global head of fixed-income finance said, countering much of the industry grumbling that regulation is crushing this business.
A federal judge has ordered the release of a report detailing how well HSBC has complied with anti-money laundering requirements imposed by U.S. regulators when the bank was fined $1.92bn three years ago.
Societe Generale resigned as a primary dealer for U.K. government bonds, the second market maker to exit in just over three months.
Chinese authorities have arrested 21 executives from the country's largest peer-to-peer money lending platform on suspicion of stealing money from nearly a billion investors - which could make it the world's largest Ponzi scheme.
Ryanair is planning to return €800m (£609m) to its shareholders, after it unveiled a huge share buyback.
HSBC is imposing a global hiring and pay freeze for 2016 in an effort to cut costs.
Two well-known names in banking have struck deals worth millions of dollars with US regulators over allegations they misled investors.
Swiss banking giant Credit Suisse is expected to reveal a loss later this week as it gets ready to write down billions of pounds worth of assets.
The latest round of banking regulation is taking shape but some concerns have been flagged over deadlines, a report out today has warned.
The current uncertainty over when the U.K. will start the process of quitting the European Union has banks on tenterhooks.
Sir Richard Branson has said he believes his cycle helmet saved his life after he came off his bike at high speed when he hit a road hump.