Cross-Border M&A activity totals $913.5 billion, up 23% compared to YTD 2014 levels
The 'spiritual father of the entire LBO industry'.
Deutsche Bank and Barclays' rebound in fixed-income revenue during the second quarter will test their leaders’ pledges to scale back in that business.
The Swiss National Bank (SNB) revealed on Friday that abandoning its currency cap on the euro in January cost the central bank $52bn in the first half of the year.
Standard Chartered and Societe Generale are among four banks added to a suit by investors claiming banks manipulated the $5.3tril a day foreign-exchange market.
A hedge fund manager appointed to the Bank of England’s monetary policy committee (MPC) has succumbed to pressure about potential conflicts of interest by severing financial links with his former employer.
Goldman Sachs has agreed to pay around $270m to settle a lawsuit by investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities, two people familiar with the case said.
Sir Philip Hampton said the results released by Royal Bank of Scotland last week were like “groundhog day”.
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.
Citigroup is the world’s largest currency trader by market share, according to a Euromoney Institutional Investor survey, the third straight year the bank has led the rankings.
Sam Chapin and Dan Cummings, senior Merrill Lynch executives who helped meld the firm to Bank of America after the financial crisis, plan to step down as vice chairmen, ending more than 50 years of combined work at the company.