The new senior hire will mastermind the bank’s strategy and its transformation agenda to create value.
Sad to report.
Deutsche Bank is freezing 2015 cash bonuses for current and former management board members while German regulator BaFin reviews the bank's role in an interest rate manipulation scandal, two people familiar with the matter said.
Bank of America shareholders will get the chance to vote on whether the lender’s board should have allowed CEO Brian Moynihan to add the chairman title last year.
The Carlyle Group, one of the top private equity firms on Wall Street, has seen one of its funds sustain hefty losses because of the washout in raw materials, the Wall Street Journal reported late Friday.
Mansoor Mohi-uddin, UBS Group AG’s former global head of foreign-exchange strategy, and Gareth Berry, who worked with him at the Swiss bank, began new roles at two different firms in Singapore Monday.
HSBC said first-half profit at its investment bank dropped 5.6% as legal expenses overshadowed an increase in revenue from foreign exchange and equities.
Goldman Sachs increased its estimate for reasonably possible legal costs in excess of reserves by 55% to $5.9bn.
U.S. banks are in much better shape than they were years ago, EY Global Chairman and CEO Mark Weinberger said Wednesday.
It is a remarkable thing to say about Goldman Sachs but, to judge by vice chairman Michael Sherwood’s shrunken and apologetic demeanour in front of MPs, he knows it himself: the investment bank was a naive fool in the BHS debacle.
The vote to leave the EU has exposed divisions in society that mean reform of executive pay at big companies is urgently required, according to one of the UK’s top fund managers.