Bonus pots up.
Top firm to give more cash upfront.
Hayley Parsons, the entrepreneur who founded the opera-singer-fronted price comparison site Go Compare at her kitchen table eight years ago, will bank nearly £44m after insurance group esure said it would buy the 50% of her business it did not already own.
The US electronic stock-trading business continues to retrench
RBS seeking bids within the next 2 weeks.
Switzerland should adopt stricter capital requirements for UBS and Credit Suisse following the introduction of tighter rules in the U.S. and the U.K., a government-appointed panel recommended, concluding a yearlong review of measures to avoid bailouts.
Germany’s financial regulator found no evidence during a two-year probe that Deutsche Bank co-Chief Executive Officer Anshu Jain knew about or participated in possible interest rate manipulation, newspaper Handelsblatt reported.
Credit Suisse is considering scaling down its prime brokerage business as part of already announced efforts to reduce risk in its investment banking division, a person familiar with the matter told Reuters.
Three ex-ICAP brokers pleaded not guilty to conspiring with traders at UBS and Citigroup to manipulate benchmark interest rates tied to the Japanese yen.
Drug giant Merck said it will buy Cubist and a slate of medicines administered in the hospital setting, many for bacterial infections, for about $9.5 billion, for $102 a share in cash.
The Securities and Exchange Commission has charged a Rhode Island agency and its bond underwriter Wells Fargo Securities with defrauding investors in a municipal bond offering to finance startup video game company 38 Studios.
Blackrock Inc could face penalties and other costs in the United States after it sold more shares than it was authorised to in its iShares Gold Trust.
Tens of thousands of City bankers could face seven years in jail or a limitless fine under new regulation being put in place today.