Deutsche Bank swung to a loss in the third quarter after setting aside $1.1bn to cover the costs of settling investigations of past wrongdoing.
Nomura said its four years of losing money abroad may soon be over as the firm rebuilds businesses outside of Japan after cutting costs.
Peter Sands, the chief executive officer of Standard Chartered, faces pressure from shareholders after the lender’s stock slumped to the lowest in more than five years on a forecast drop in profit.
The Supervisory Board of Deutsche Bank has announced that it has realigned individual responsibilities on the Management Board in line with the Bank's ongoing strategic, regulatory and litigation priorities.
The wealthy island nation of Singapore topped the World Bank's ease of doing business rankings for the ninth consecutive year, according to the Doing Business 2015: Going Beyond Efficiency' report, released Wednesday.
Britain’s economy lost some momentum in the past three months but growth remains relatively solid, according to the CBI. In the latest survey to suggest that struggles in the eurozone and geopolitical tensions are hurting exporters, the CBI said manufacturing was the weakest part of the economy in the three months to October.
Lloyds Banking Group wants to strip out 9,000 jobs that are no longer needed.
Compensation doubled for this job in the last 2 years!
But 'there's the potential for bankers' hopes to be disappointed if the market turbulence continues and economic growth stalls'.
The Bank of England can afford to keep interest rates low for longer than previously thought, deputy governor Jon Cunliffe has said, in comments that will reinforce the market view that rates will remain at 0.5% until at least the middle of next year.
Bruno Iksil, the former JPMorgan trader who became known as the “London Whale” as his unit began generating more than $6.2bn in losses in 2012, surfaced on Monday to say he isn’t responsible for the debacle.
UBS said a five-year French probe into allegations it helped clients evade taxes has been completed, bringing the bank a step closer to facing a possible trial and fine.
Heads of many of the country's largest companies have rallied around Britain's "stay" campaign, according to a report in The Times.