Prime Minister Theresa May is to go on a charm offensive with US banks, holding a summit with some of the biggest institutions in a bid to reassure them over potential repercussions of Britain's vote to leave the EU.
The bank’s scandal won’t have meaningful effect on its balance sheet, Baird analysts say.
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.
Property tycoon Wang Jianlin held off Alibaba 's Jack Ma to retain the crown of China 's richest man, a list of the country's billionaires published on Thursday showed.
Worldwide announced Mid-Market M&A deals valued up to $500 million (including undisclosed value deals) totaled US$649.8 billion for the first nine months of 2016, a 3.5% decrease year-on-year.
Worldwide announced Small-Cap M&A deals valued up to $50 million (including undisclosed value deals) totaled US$111.6 billion in the first nine months of 2016 – a 1.1% decrease year-on-year.