Britain’s economy performed far better than expected in after the Brexit vote, with GDP growth falling to 0.5% from 0.7% in the previous quarter.
Deutsche Bank has scrapped its cash bonuses for the year and is looking into tying compensation to share performance, the bank’s CFO said.
Nomura is poised to report a second straight quarter of profit from overseas as it boosted revenue from fixed-income trading and trimmed costs after completing job cuts, said people with knowledge of the matter.
Goldman Sachs has featured prominently in the headlines this year, even before the leak of Theresa May’s pre-EU referendum speech to the investment bank’s staff.
Nothing stands still in the City.
Embattled bank announces third-quarter net income hit 278 million euros, which compares favorably to a 6 billion euro loss this time last year.
Barclays said profit rose 35% in the third quarter as revenue from fixed-income trading surged to the highest in more than two years.
Deutsche Bank is reviewing whether it misstated the value of derivatives in its interest-rate trading business, and is sharing its findings with U.S. authorities, according to people with knowledge of the situation.
A Swiss court handed UBS a victory in its attempt to fend off efforts by French tax authorities to force the bank to turn over customer data.
U.K. regulators are examining the licenses needed for the $1.5 billion tie-up between ICAP Plc and Tullett Prebon Plc, raising the possibility that the deal may be delayed beyond the firms’ end-of-year target, according to people with knowledge of the situation.
Evercore Partners’ executive chairman, John S. Weinberg, could receive as much as $35m in cash awards over five years starting in 2019 as well as about $59m of stock.
Bank of America's global wealth and investment management division said Keith Banks, president of the company's U.S. Trust unit, would take on the additional role as head of its newly created chief investment office and investment solutions group.
The Federal Reserve is slamming a wedge into the revolving door between government and Wall Street, by placing several restrictions on former officials who go to work for financial services firms.