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.
Credit Suisse has named Bill Johnson as head of Asset Management Americas and Michel Degen as head of Asset Management Switzerland and EMEA (Europe, Middle East and Africa), according to a memo seen by Reuters and confirmed by the bank.
The head of the German Bundesbank has said Frankfurt will open its arms to any banks or businesses that decide to leave London in the wake of the EU referendum.
Bank of New York Mellon’s cost-cutting program has been effective and activist investors are appreciating measures taken to improve profitability, according to CEO Gerald Hassell.
Financial markets have become over reliant on central banks, a leading international body said on Sunday, as investors prepared for the latest announcement on interest rates from the US Federal Reserve.
Lloyds Banking Group is cutting over 1,000 jobs as part of its previously announced three-year strategy.
It is "definitely very early to say" what the implications of Brexit will be on the financial industry and on London, VTB Capital Global CEO Alexei Yakovitsky told CNBC Wednesday, in a softening of rhetoric following recent reports the Russian bank was considering moving its investment banking headquarters away from the U.K. capital.
The first face-to-face talks between the boss of Southern Rail and the leader of the RMT union are to be held on Wednesday in an attempt to resolve the six-month-long dispute.