The North Sea oil and gas industry is facing a severe challenge to its future viability after suffering a dire year which involved the worst losses in decades, a new report has revealed.
More than £5bn was wiped off HSBC’s stock market value Monday after Britain’s biggest bank reported lower than expected profits and warned of the risk of investigations by regulators around the world.
The Financial Conduct Authority has watered down plans to make banks’ boards criminally liable for the company’s actions after lobbying by the financial industry.
No more white flags ?
Here we go again.
Citigroup awarded co-President Jamie Forese about $13.7m in compensation for 2014, or 4% more than Chief Executive Officer Michael Corbat.
Eugene Gokhvat, a money manager at $15bn BlueCrest Capital Management, is leaving the hedge fund firm run by Michael Platt, according to two people familiar with the matter.
The Daily Mail reports that Rothschild is believed to be considering the move after Ed Balls promised to introduce a windfall tax on bankers’ bonuses in the first year of the next parliament if Labour comes to power.
Two former Barclays stockbrokers can keep nearly $4m in signing bonuses, an arbitration panel has ruled, handing down a rare rebuke of a controversial recruiting practice common among brokerage firms.
A trio of cross-border M&A deals announced this week pushed the level of announced cross-border deal making to $138.0 billion for year-to-date 2015, a 20% increase compared to a year ago and the best annual start for cross-border M&A since 2007.
JPMorgan private bankers who oversaw $1.2bn are striking out on their own, helped by a Silicon Valley startup with links to secretive big-data firm Palantir Technologies.
Wall Street regulators are said to be examining alleged policy breaches that prompted JPMorgan’s U.S. head of government-bond trading and another employee to leave the firm this year, according to a person briefed on the matter.
JPMorgan, Deutsche Bank and Wells Fargo have been asked by U.S. authorities to retain and turn over records that may be related to improper transfers from an embattled Malaysian state fund, according to people familiar with the matter.