BNY Mellon has said it included an additional after-tax legal expense of $598m to its reported fourth-quarter results, anticipating resolution of foreign exchange-related actions and other matters.
The Swiss government said on Wednesday it would lay out tougher capital requirements for UBS and Credit Suisse by the year-end, in order to protect them against future crises.
French investigating magistrates have issued arrest warrants for three former Swiss managers at UBS in connection with their investigation into whether the bank helped tax dodgers, a judicial source told Reuters on Tuesday.
From RBS banker to entrepreneur.
Swiss police are searching offices of the Geneva subsidiary of HSBC bank in an inquiry into alleged money-laundering.
Credit Agricole posted fourth-quarter profit that beat analysts’ estimates on higher earnings at the investment bank and lower provisions for doubtful loans.
Belfast International airport is to double its claim for damages against Aer Lingus to £40m over the airline’s move to a rival airport.
Nomura has announced plans to reorganize three core companies in its Asset Management division: Nomura Asset Management (NAM), Nomura Funds Research and Technologies (NFR&T), and Nomura Private Equity Capital (NPEC).
Allan Leighton, the former Asda executive who is lined up to be the Co-op’s new chairman, has accepted a 34.3m Danish kroner (£3.4m) payoff from Pandora, the jewellery brand, where he steps down as chief executive next month.
FXCM, the foreign currency broker hammered by the Swiss National Bank's decision to remove its cap on the franc's value last month, will stop trading selected currencies this week to protect against potential volatility caused by future central bank moves.
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.