The 7,114 brokers at UBS Wealth Management Americas generated record quarterly revenue of $1.9bn in the three months ending September 30th, largely through selling loans to clients and funneling their assets into packages of mutual funds and other managed accounts.
The Serious Fraud Office of Britain said on Tuesday that it had begun criminal proceedings against a former employee of the brokerage firm Tullett Prebon Group in connection with the manipulation of a global benchmark interest rate.
The Serious Fraud Office has launched a formal criminal investigation into accounting practices at Tesco, which led to a £263m profit overstatement at the UK’s biggest retailer.
Bill Gates is now worth $81.2 billion, according to Forbes. But how well do you really know the world's richest man?
Bankers in the U.S. feel the most upbeat among their peers globally about their bonus prospects for this year, according to a new survey.
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.
Concerns over the health of the US economy have grown following the publication of an influential report showing the first decline in service-sector business activity since October 2013.
The International Monetary Fund has urged the UK to ease back on austerity should the economy slow further, as it warned finance ministers at the G20 summit in Shanghai to boost public spending on infrastructure to fuel global growth.
Panmure Gordon has replaced its chief executive Phillip Wale with deputy Patric Johnson after a tumultuous year that’s seen the bank’s share price drop by over 60 per cent.