Major banks have now set aside $219bn (£144bn) to pay fines and legal costs since the financial crisis.
“Regulators should not give in to special pleading from banks in implementing the reforms introduced as a result of the financial crisis.”
To be reviewed at the start of January.
At least some market professionals are on the up.
The UK’s inflation rate is expected to have remained in negative territory when official figures are released on Tuesday, leaving the Bank of England in little hurry to start raising interest rates.
Even after gas had its worst year since 2009 and coal slumped the most since 2007, European energy traders were disappointed by their bonuses for last year.
Graduates who consider themselves 'highly ethical' are shunning finance, New York Fed chief William Dudley says he hears from deans.
Credit Suisse is on course to become the first international bank to set up a major trading floor in Dublin.
UBS is adding to its ranks of senior investment bankers in Asia for the first time since the global financial crisis, seeking to wring market share in dealmaking away from competitors that are reorganizing.
Standard Chartered CEO Bill Winters bought $1.5m of shares in the bank, a week after seeking $5.1bn from investors and unveiling his revised strategy for the Asia-focused firm.
Citadel Securities says it traded record currency volume last week after the U.K.’s Brexit vote sent shock waves through financial markets. The company expects more volatility to come.
Canadian Imperial Bank of Commerce said it will buy PrivateBancorp in a $3.8bn cash-and-share deal, its biggest ever acquisition and a long-awaited expansion in U.S wealth management.
The Brexit vote was a negative shock but the tragedy no longer looks like a 'fait accompli,' George Soros said in a speech at the European Parliament on Thursday, and it has created "positive momentum for a stronger and better Europe".