Reshaping the firm.
When a customer spends £2,500 on a bag so tiny that it just about fits their keys, cards and lipstick, a certain kind of shopping experience is usually expected: plush cream carpets, deferential one-on-one service and a tissue-wrapped purchase handed over in a glossy store bag.
JPMorgan executives have been deposed and thousands of pages of internal documents subpoenaed as part of a U.S. investigation into the bank’s asset-management unit, according to people familiar with the situation.
HSBC is falling short on its agreement with the U.S. to clean up operations after clients laundered drug money and did business with terrorist regimes, according to two people familiar with a report from the bank’s monitor.
Bank of America Merrill Lynch has hired Marcus Hiseman from Morgan Stanley as head of corporate debt capital markets for Europe, Middle East and Africa (EMEA), according to an internal memo seen by Reuters on Monday.
Morgan Stanley agreed to sell a compressed natural gas business that came under regulatory scrutiny last year to Pentagon Energy.
HSBC customers in India suspected of tax evasion have been given 30 days to nominate a legal representative in Switzerland or face seeing their names published in the country’s official gazette.
Michael Picarella, an HSBC senior vice president who’s suing the bank for retaliation after pointing out harassment against top brass, has left the bank, The New York Post has learned.
Barclays has hired Barry Meyers, a former executive director at JP Morgan, to head its UK equity capital markets (ECM) team, a source familiar with the matter said on Monday.
Britons enter the five-week election campaign more upbeat about the economy than at any time in almost 13 years, according to the latest snapshot of confidence from the polling organisation Gfk.
The Financial Conduct Authority has proposed a shakeup in the market for initial public offerings (IPOs) as part of a clampdown on anti-competitive practices in investment banking.
JPMorgan posted first-quarter profit that beat Wall Street estimates as the firm slashed bankers’ pay, and trading revenue declined less than most analysts predicted. The shares rose in early trading Wednesday.
Credit Suisse needs to strengthen its board of directors after the bank disclosed almost $1bn of writedowns linked to illiquid positions, David Herro, chief investment officer at Harris Associates, told Finanz und Wirtschaft.