Top officials at the City regulator, including its boss Martin Wheatley, are to be denied bonuses after the botched handling of the announcement of a review into the life insurance sector.
American millionaires are more confident about the US economy than they were six months ago, according to the CNBC Millionaire Survey.
Rudolf Elmer, the former employee of Julius Baer, accused of revealing details of client accounts via WikiLeaks, collapsed about two hours after he went on trial in Zurich Wednesday on charges of violating Switzerland’s bank secrecy laws.
Goldman Sachs must pay $7.6m to two Los Angeles brokers who said the company wrongfully terminated them, a securities arbitration panel ruled.
HSBC has parted with its head of foreign exchange trading for Europe, Middle East and Africa, Stuart Scott, a source with knowledge of the decision said on Wednesday.
UBS aims to triple the assets that its U.S. wealth management clients keep in fee-based accounts within seven to 10 years, a top executive said on Tuesday.
A Bank of England policymaker has argued that pay growth may be at a “turning point”, strengthening the case for higher interest rates.
A group of foreign-exchange traders plan to challenge findings by Britain’s financial regulator in the currency-rigging probe because they weren’t given a right to respond, two people with knowledge of the matter said.
Mark Cuban, once the target of a big U.S. insider trading probe, met publicly with Christopher Cox, the former SEC chairman, for the first time.
The management of Standard Chartered is facing renewed pressure after being placed under fresh scrutiny by US regulators.
Billionaire hedge fund manager Alan Howard, who predicted there will be “exceptional opportunities” to make money this year, in February beat peers who were whipsawed by volatile markets, according to two people with knowledge of the matter.
Commerzbank chose Martin Zielke, the insider who overhauled its consumer-banking unit, to succeed Martin Blessing as chief executive officer.