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.
The fourth-quarter will be "marginally profitable" after the charges.
Bank of America said it expects trading revenue to decline this quarter from the previous three months and a year earlier.
As energy prices have been hammered in recent weeks, some of Wall Street's biggest players are nonetheless ready to write billion-dollar checks to finance a nearly $16 billion Gulf Coast natural-gas project for Cheniere Energy, according to documents and people familiar with the matter.
Leading shares suffered their biggest daily fall since the middle of October, hit by renewed fears about the global economy, uncertainty in Greece following snap presidential elections and a surprise profit warning from Tesco.
Andrea Orcel, head of UBS’s securities unit, said tougher financial regulation and negative interest rates are sapping global confidence as investors question investment banks’ ability to earn money.
A change Goldman Sachs is making to permanently lower fees on its ETFs points to a widespread fund industry practice that few investors monitor.
Financials have been a major concern for market watchers this year amid oil volatility, but Dick Bove says this would be the issue for banks.