Scott Eichel, the global head of asset-backed products and credit trading for Royal Bank of Scotland's investment bank, has left unit.
Standard Chartered's incoming CEO Bill Winters is expected to raise capital and cut the bank's dividend later this year, potentially forced to act by a tough stress test of its Asian loans, investors and analysts said.
HSBC was on Monday ordered to face three U.S. lawsuits accusing it of breaching its duties as a trustee overseeing residential mortgage-backed securities that suffered more than $34bn of losses in the global financial crisis.
The Securities and Exchange Commission has charged two Merrill Lynch entities with using inaccurate data in the course of executing short sale orders.
The chief executive of HSBC, Stuart Gulliver, is expected to signal next week that thousands of jobs are to be cut when he outlines his latest strategy for the global banking business, according to reports.
Companies finally may be getting the message that it's better to invest in the future.
The UK’s financial system remains at risk of upheaval despite the regulatory changes undertaken since the 2008 banking crisis, according to a thinktank.
Here's the full list of the top 64 firms in HITC's 2015 Best Place to Work in the financial markets poll.
Sad to report.
New York City cut Morgan Stanley from the ranks of its senior general obligation and Transitional Finance Authority bond underwriters, while elevating Samuel A. Ramirez & Co. and Royal Bank of Canada.
Canada's biggest bank is handing over to the government names of clients with “relationships or connections” to a Panamanian law firm at the center of a massive leak of offshore financial data, the lender confirmed on Thursday.
Worldwide M&A activity totals $974.4 billion, down 20% compared to YTD 2015