Some of the world’s largest hedge funds are expanding in Asia as they seek new areas of growth amid the industry’s struggles to make money and retain investors.
It’s survival of the fattest in private equity-land, and the new dynamic may force more M&A among investment firms.
Leaving the EU Single Market and losing passporting rights would be far from a disaster for the City of London, leading analysts at Moody's have found.
Prime Minister Theresa May is to go on a charm offensive with US banks, holding a summit with some of the biggest institutions in a bid to reassure them over potential repercussions of Britain's vote to leave the EU.
The bank’s scandal won’t have meaningful effect on its balance sheet, Baird analysts say.
Central banks have boosted their gold stocks by almost 10% since the financial crash, reflecting its renewed attractiveness as a safe haven in an environment of uncertainty and low or negative interest rates.
The Securities and Exchange Commission has announced that public accounting firm Ernst & Young has agreed to pay $9.3m to settle charges that two of the firm’s audit partners got too close to their clients on a personal level and violated rules that ensure firms maintain their objectivity and impartiality during audits.
Streamlining the business to focus on core clients
The chief of the embattled consumer bank told CNBC's Jim Cramer last week that "when we don't meet our goals with 100% right, I'm accountable."
Michael Findlay, Bank of America’s co-head of investment banking for the U.K. and Ireland, is planning to leave the bank to pursue a career outside of the industry, the firm said Friday.
Royal Bank of Scotland may have to pay out as much as $27bn, roughly the market value of the bank, in misconduct fines and lawsuits over the next few years, lawyers and analysts said.
Wells Fargo Chief Operating Officer Tim Sloan expects to make up lost business with state and local government agencies within a few years after some suspended dealings with the firm when it was caught opening legions of unauthorized accounts for customers.
The collapse in the value of the pound since Britain voted to leave the EU has been described by Mervyn King, former governor of the Bank of England, as a welcome change.