'We recognize that the world has changed and we need to change with it'.
When the two executives who lead Deutsche Bank unexpectedly announced their resignations on Sunday, pressure from angry shareholders was widely seen as the chief factor.
The Justice Department is looking into possible fraudulent manipulation of the $12.5tril Treasurys market, The New York Post has learned.
UBS plans to transfer assets and operations into a new Swiss unit on June 14 to meet regulatory demands to make the company easier to break up in a crisis.
Navinder Singh Sarao will never rank among the most notorious inmates of HM Prison Wandsworth.
John Cryan helped resuscitate UBS as finance chief after its state bailout. In leading Deutsche Bank, he may face an even tougher challenge.
Investment bank Jefferies has sued a former client for about $8m in unpaid fees linked to Vodafone Group’s multi-billion-dollar takeover of Spanish cable operator Grupo Corporativo Ono SA.
HSBC is to cut 8,000 jobs in the UK in a move that will see its name and red hexagonal logo disappear from the high street after 15 years.
Stifel Financial have announced that it has entered into a definitive purchase agreement to acquire Barclays’ Wealth and Investment Management, Americas franchise in the U.S. (“Barclays Wealth Americas”).
A British corporate investigator who became embroiled in the GlaxoSmithKline bribery case in China has been released from jail.
A long-running insider trading case has Monday resulted in two guilty verdicts and three acquittals.
Credit Suisse is placing asset management under the twin direction of its wealth management and Swiss banking divisions, it said on Sunday, announcing a further strategy rejig after a shake-up in October.
Andrew Bailey, the incoming head of the Financial Conduct Authority, said improving the culture of City firms is a priority and that “hubris” needs to be added to the list of risks firms face.