Only in the rarefied world of private equity would an annual payout of more than $300m for a top executive constitute a decline from the previous year.
Herve Falciani, who took a trove of data from HSBC that spawned investigations of extensive tax evasion by the bank’s clients, said he also has proof senior managers knew about the practices.
Credit Suisse took a provision of $290m for mortgage-related litigation just days after the U.S. Justice Department fined Morgan Stanley.
Ashish Thakkar, who co-founded African banking venture Atlas Mara along with former Barclays group chief executive, Bob Diamond, says they are planning a major push into mobile banking in Africa, as their aggressive takeover strategy continues.
AIG would not be the company it is today if not for former CEO and President Robert "Bob" Benmosche, AIG's CEO told CNBC Friday.
Hedge-fund titan Steve Cohen doesn’t like taking no for an answer.
Abu Dhabi’s leading sovereign wealth fund has indicated it wants to buy three of Mayfair’s top hotels — Claridge’s, the Berkeley and the Connaught — for £1.6bn.
The UK’s fund management industry is “ripe for investigation” because of “an alarming lack of transparency that surrounds [its] pay and practices”, the influential Institute of Directors said on Sunday.
Britain’s manufacturers have had a good start to the year, with export orders back in positive territory and some firms reporting a pick-up in demand from European customers.
HSBC is to appoint its next chairman from outside its existing management team in a move that would represent a dramatic change to the way Britain’s biggest bank is run.
One of five former Barclays traders accused of rigging benchmark interest rates told regulators that his bosses, including the investment bank’s chief operating officer Mike Bagguley, must have known about the manipulation, U.K. fraud prosecutors said at a London trial.
BNP Paribas and its partners in a Scottish energy loan are staring at a loss of $172m after entrepreneur Ian Suttie’s venture went bankrupt, illustrating the wreckage banks are likely to face from the oil bust.
Deutsche Bank Supervisory Board Chairman Paul Achleitner and Urs Rohner, chairman of the board at Credit Suisse, used interviews with German and Swiss media to reject speculation that they have come under fire as the banks’ stocks trade near two-and-a-half decade lows.