The U.S. government has prohibited Royal Bank of Scotland from managing 401(k) plans and other retirement funds, a decision that has little impact on its business but that could send a signal to other banks and hedge funds with criminal records.
Deutsche Bank's investors are not the only ones who want a swift settlement on the US Department of Justice fine, as German officials have today spoken out calling for a deal to be done.
These asset managers have reduced fees and waived commissions to attract more investors who want rock-bottom prices for funds that track the market.
Barclays has agreed to sell a portfolio of salary secured loans, worth around £260m, in Italy to IBL Banca.
France's President Francois Hollande has accused the US of double standards in throwing multi-billion euro fines at European banks while complaining about European Commission investigations into US companies.
A string of senior Conservatives warned Theresa May’s Brexit strategy is risking the health of the economy in a parliamentary debate, during which the pound dropped to its lowest ever level against a basket of currencies.
A brief rally in the pound was quickly reversed on Wednesday after the government refused to make tariff-free access to the European Union’s single market a red line in Brexit negotiations with Brussels.
The Federal Reserve’s decision not to increase rates in September was a close call, the minutes released on Wednesday show.
Tim Sloan was elected Wells Fargo's new CEO late Wednesday after former CEO John Stumpf retired.
The embattled boss of Wells Fargo, John Stumpf has quit his post, effective immediately.
Colm Kelleher, president of Morgan Stanley, said that Jamie Dimon would be good for the U.S. if he were Treasury Secretary.
The Berkshire Hathaway CEO says books are the key to success, and studies agree.
Royal Bank of Scotland could face a penalty of more than $12bn (£9.6bn) to settle a decades-old mis-selling scandal in the US, the body which controls the taxpayer stake in the bank has said.