The Federal Reserve on Wednesday continued to pave the way for an increase in interest rates as early as September.
It remains a mystery why Antony Jenkins received a “unanimous” vote of no confidence from Barclays’ non-executive directors.
Major banks and brokers have failed to make sufficient internal changes following the Libor and foreign exchange rigging scandals, according to the City regulator.
Emolument.com has analysed 2015 salary data from 372 analysts working in London Investment banks front office.
Barclays posted a 35% jump in second-quarter profit at its investment bank as litigation and restructuring expenses fell.
Nomura's first-quarter profit more than tripled as a surge in brokerage commissions and investment-banking fees outweighed a drop in trading income.
Barclays set aside £1.8bn in the first half of the year to compensate customers for a string of mis-selling scandals and fines.
A former powerhouse investment broker, who managed $1.3bn for Merrill Lynch before he was fired, has been permanently banned from the securities industry for charging his customers excessive fees and making unauthorized trades, the industry’s regulator said Tuesday.
Credit Suisse has hired Greenhill’s top technology dealmaker, Dhiren Shah, and Barclays banker David Kamo to run teams that advise clients including investment funds on mergers and acquisitions.
Amazon is proposing that a pristine slice of airspace above the world’s cities and suburbs should be set aside for the deployment of high-speed aerial drones capable of flying robotically with virtually no human interference.
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.