UBS Chief Executive Officer Sergio Ermotti pledged to continue cost cuts after profit at the wealth-management business fell and the securities unit was hurt by a slump in equities trading.
Antony Jenkins, former CEO of Barclays, has unveiled a new venture that will transform the ways banks operate, enabling them to offer customers superior, faster and cheaper services.
Australia & New Zealand Banking Group’s sale of businesses in five Asian markets to DBS Group Holdings offers the latest sign of consolidation in the region’s highly competitive wealth industry, which has already seen a retreat by European players like Barclays and Societe Generale.
Sports Direct and its shareholders are struggling to agree on a heavyweight individual to conduct an independent review of the business before a second vote to re-elect its chairman that must take place by early January.
Britain’s fund managers have written to the top 350 public companies telling them to publish how much their chief executives make compared with the average employee and to justify the amounts paid out each year.
Mark Carney could announce a decision about his future as governor of the Bank of England as soon as Thursday, amid a barrage of criticism from Eurosceptic MPs about his approach to Brexit. It is understood that the governor is considering making an announcement on Thursday at a press conference for the Bank’s third-quarter inflation report, given the speculation about his future.
A mass exodus of bankers post-Brexit is unlikely, as many institutions simply don't want to leave London, the head of the City watchdog has said.
Ross McEwan may have been pleasantly surprised as he peaked through his fingers to see what had happened to the Royal Bank of Scotland's (RBS) share price this morning.
HSBC is in talks with the Bank of England to discuss how it might be able to free up £5bn currently locked up in its Chinese business.
As we near Halloween night, there is a growing sense of foreboding about the economy’s prospects next year, even among Brexiters. The one word that is having a chilling effect – stagflation – is best known from its 1970s incarnation, when it wrought havoc throughout the land.
Johnson III will become "chairman emeritus," consulting periodically with his daughter, according to an internal memo obtained by CNBC.
Leaves the firm at the end of this year.
"I think there is a tremendous amount of consolidation happening in the tech industry right now," Nada said on "Squawk Alley."