Tudor Investment, the $11bn hedge fund founded by billionaire Paul Tudor Jones, has closed its Singapore trading desk as part of a global shakeup, according to people familiar with the matter.
Barclays will reduce office space at its loss-making Japanese securities unit to trim expenses after cutting jobs earlier this year.
German lender Deutsche Bank sought to reassure investors on Monday, telling CNBC that its chief executive hadn't asked for government assistance in its negotiations with the U.S. Department of Justice.
HSBC is seeking to release billions of dollars of capital tied up in the United States without upsetting the country's politicians and regulators, senior sources at the bank said.
Deutsche Bank’s shares have fallen to a new low amid doubts over the ability of Germany’s biggest bank to pay potential multibillion-dollar fines for past wrongdoing.
The spread of business and talent out of Wall Street and into merchant trading firms will probably accelerate after the Federal Reserve’s new bid to restrict bank commodity holdings, according to one employment specialist.
A warning about the impact of the Brexit vote on financial services jobs has been issued by the head of the London Stock Exchange.
'The challenges facing the sector have not gone away'.
A French appeals court on Friday ordered former Societe Generale trader Jerome Kerviel pay €1m (£866,000) in damages to the bank following losses he made that totalled €4.9bn.
Britain’s manufacturers insisted they have a crucial role to play in a post-Brexit world, contributing $247bn (£190bn) a year to the economy and creating well-paid, high-value jobs.
A brief rally in the pound was quickly reversed on Wednesday after the government refused to make tariff-free access to the European Union’s single market a red line in Brexit negotiations with Brussels.
The Federal Reserve’s decision not to increase rates in September was a close call, the minutes released on Wednesday show.
Tim Sloan was elected Wells Fargo's new CEO late Wednesday after former CEO John Stumpf retired.