UBS will shift the heads of its onshore China investment-banking unit from Beijing to Hong Kong, while its offshore advisory head for the country Jiang Guorong will move in the opposite direction, as the bank tries to more closely integrate its Chinese businesses.
Barclays is expected to pay at least $100m to settle an investigation by New York’s banking regulator into whether it abused the 'last look' practice on its electronic currency-trading program, according to a person briefed on the matter.
Nomura, Asia’s global investment bank, announced that it is continuing to strengthen its Investment Banking Division with six recent senior appointments in the Americas, including Head of Equity Capital Markets for the Americas.
Piper Jaffray Companies has announced it has reached a definitive agreement to acquire Simmons & Company International.
VTB Bank handily beat earnings forecasts in the third quarter, as Western countries' sanctions begin to lose their bite, the bank's chairman told CNBC.
Inflation has reached a trough, at least for now.
A former Aviva investment analyst was fined and banned by the U.K. Financial Conduct Authority for mis-allocating trades to funds that would deliver higher performance fees in an effort to boost his profits.
Inflation was negative for a second successive month in October, at -0.1%, as price cuts for food and the fading impact of student fee rises kept a lid on the cost of living.
Revenue at the world's 10 largest investment banks is on course to decline again in 2015 by 2% to $148bn compared to a year ago, although a strong showing in equities will limit the fall, a survey on Tuesday showed.
Banks could face an exodus of crime-fighting staff, as most compliance officers – who are responsible for making sure banks obey the law – want to quit their jobs.
JPMorgan will use a computerized trading firm’s technology to access and trade in the U.S. Treasury market, marking a further step in the transformation of markets by electronic specialists.
UBS sold $1bn of the riskiest type of bank debt in Europe’s first sale of the bonds since Britain’s vote to leave the European Union.
Standard Chartered has been rooting out some of its clients as it cleans up its business in the wake of regulatory investigations, its chief executive has said as the emerging markets-focused bank returned to profit in the first half of 2016.