Bank of America, which overruled a shareholder vote mandating an independent chairman, has the worst corporate governance of any big bank since Citigroup before the financial crisis, CLSA analyst Mike Mayo said.
The boss of Legal & General has backed a call by the Bank of England’s chief economist for companies to invest for the long term instead of paying out cash to feed the short-term demands of shareholders in the City.
The journey that led Tom Hayes to a drab courthouse on the banks of the River Thames started 6,000 miles away on a buzzing trading floor in Tokyo’s financial district in the summer of 2006.
RBC Capital Markets spent the last five years pushing to become a top 10 U.S. investment bank, mostly by focusing on mid-sized companies. Now it wants to go after bigger fish.
In the canteen at Nomura's Tokyo headquarters, prices are rising faster than the wages the brokerage pays its staff.
France's second-largest listed lender, Societe Generale posted a better-than-expected 25 percent increase in net income in the three months to June of this year as the bank said it planned to hike its capital buffer.
More criminal charges are to be brought against individuals suspected of rigging Libor following the conviction of Tom Hayes, according to the head of the Serious Fraud Office.
Nasdaq has reported two outages of its Trade Reporting Facility (TRF) Tuesday.
Bill Fleckenstein of Fleckenstein Capital says the market looks uniquely "crash prone" at current levels.
Many of these are incredible.
As thousands of low-wage workers plan to protest at McDonald’s annual shareholder meeting in Chicago on Thursday the company’s former US boss has warned them: if the minimum wage goes up, McDonald’s is likely to replace them with robots.
Rich Ricci, the former head of Barclays investment banking and right-hand man of Bob Diamond, has warned that fintech startups will snatch market share from established financial institutions and change the landscape of banking.