JP Morgan’s chief executive, Jamie Dimon, faces embarrassment after it emerged that the bank’s fund management arm takes investor voting advice from a firm at the centre of his attacks on “lazy” and “irresponsible” shareholders.
A French court reduced the bail HSBC must post in connection with a criminal probe into tax evasion by its private-banking clients to $112m from $1.075bn.
New millionaires in China and India have helped propel the combined wealth of Asia Pacific’s richest individuals past their peers in Europe, with the region’s wealthiest predicted to become more affluent than millionaires in North America over the next 12 months.
Fit and first.
Bankers keen to establish where you draw the line.
Some of the UK's top financial services and law firms have been accused of imposing a 'poshness test' when hiring new graduates, locking bright working-class applicants out of some of the top jobs, a government research report has found.
UBS, which has been taking steps to ensure key businesses can be broken off in a crisis, plans to shift some internal operations into legally separate service centers that can continue supporting individual subsidiaries after an emergency, according to SonntagsZeitung.
JPMorgan has hired former senior UK regulator Clive Adamson to advise it on regulatory affairs in Europe, it said on Friday.
With $4.8 trillion in assets - or about the size of Japan’s economy - no one manages more money than BlackRock. So, it’s worth paying attention when the firm says it’s time to cast aside its trusted models for assessing risk in bonds.
Deutsche Bank co-Chief Executive Anshu Jain will receive no severance pay and no compensation for working as an adviser to the bank in the six months after his departure, German media reported on Sunday.
Marks & Spencer has been criticised for cutting the pay of approximately 10% of its shop-floor workers by removing premiums for working Sundays and antisocial hours and trimming back bank holiday payments.
The US Federal Reserve announced it would notraise interest rates on Wednesday afternoon, blaming uncertainty over the UK’s potential exit from the EU and slowing economic growth for the decision.
Just days after winning an unfair-dismissal claim against Societe Generale, convicted rogue trader Jerome Kerviel is back in court in a clash over his liability for the lender’s record $5.5bn loss eight years ago.