Deutsche Bank has agreed to pay the US Department of Justice $7.2bn (£6bn) over misleading investors with sales of mortgage-backed securities in the run-up to the financial crisis.
And 2017 looks to have got off to a decent start.
And even then it will be paid out over 5 years.
Morgan Stanley was expected to post fourth quarter earnings of 65 cents a share on revenue of $8.47 billion.
Financial institutions in the Asia-Pacific region will be more inclined to hire technology specialists this year than investment bankers as they enhance product offerings and upgrade their systems, according to a survey by Options Group Inc.
UBS has a degree of flexibility if its UK outpost looks set to lose its ability to operate across the European Union once Britain leaves the bloc, Chief Executive Sergio Ermotti said at the World Economic Forum in Davos on Monday.
Finance executives say they are preparing for the worst on Brexit as Prime Minister Theresa May signaled she plans to pull the U.K. out of the European single market.
The CEO of the largest German lender has underlined the dramatic shifts that the banking industry faces over the next five years with technology due to play a "key" role in this period of change.
Morgan Stanley has received China securities regulator's approval to boost its stake in its Chinese securities venture to 49 percent, said a person with direct knowledge of the matter, making it the first foreign bank to get such a nod.
December 2016 offered a more promising employment climate than its 2015 counterpart, but thanks to a year marked by political upheaval and economic volatility, a record amount of City professionals put off job seeking until 2017.
If Antonio Conte was shocked this week by Diego Costa’s reaction to a transfer offer from China, the manager enjoyed a pleasant surprise here thanks to Marcos Alonso.
Here's 11 examples of political correctness gone mad.
And there's a lot of truth in these.
Bernard Madoff, the imprisoned confidence trickster, has laid the blame for his ruinous Ponzi scheme at the feet of banks and wealthy investors he claims didn’t care whether his firm was legitimate or not in a series of never-before-heard recordings.
BlackRock, the world's largest asset management firm, reports mixed fourth-quarter results.
Klaus Schwab, the World Economic Forum (WEF) founder whose headquarters are the chrome and glass of a Bond villain’s lair, introduced this year’s event by saying: “The world around us is changing at unprecedented speed.” But it seems nothing has changed when it comes to the lack of women at Davos.
Completed distressed debt and bankruptcy restructuring activity totaled US$346.5 billion during 2016, a 121.4% increase from last year.
UBS has failed to persuade the European Court of Human Rights to overturn an order that it must post 1.1 billion euros ($1.17 billion) bail in a French case about whether it helped clients avoid tax.
The boss of one of the UK's biggest banks has today come out fighting for the City's post-Brexit status, likening London to an essential organ for the continent's financial health.
Goldman Sachs' international chief of staff is to step down after 28 years at the Wall Street titan.
Morgan Stanley chief James Gorman told CNBC on Thursday that elements of the Dodd-Frank Wall Street Reform Act need to be "curtailed," but he's not in favor of scrapping all the regulations, which were drawn up in the aftermath of the Great Recession.