Page 866 


UBS banker goes on trial

American courtroom

UBS' Raoul Weil, who goes on trial in Florida on Tuesday, is accused of helping wealthy Americans evade millions in taxes.

Barclays sees 23% dark pool rise

Barclays Sign

Barclays had a 23% rise in the number of U.S. shares traded in its dark pool, edging the bank to the cusp of top 10 venues after volume collapsed when it was sued for allegedly lying to customers.

Reshuffle at Morgan Stanley Asia-Pac M&A

Morgan Stanley HQ

Morgan Stanley named Samuel Kim vice chairman of Asia-Pacific investment banking and promoted two senior bankers to run the mergers business as it competes with Goldman Sachs to be the region’s top M&A adviser.

Bankers asked to swap profit for prayer

Church Window

Bright young professionals from the banking industry have been asked to attend a year-long course run by the Anglican Church, which aims to "reboot" the values of financial services following the global financial crisis.

UK's top CEOs earn 120x more than workers

Pot Of Gold

The pay gap between CEOs and the rest of the workforce is widening in Britain, with bosses of the country's top 100 listed companies earning 120 times more than average employees, according to a report published on Monday.

Abigail Johnson named CEO of Fidelity

On Top

Abigail Johnson has taken another big step toward being the next leader of Fidelity Investments after the company said she will add the title of chief executive to her duties.



HSBC Canary Wharf corner

Most HSBC managers won't get pay rises in 2016

The majority of managers at HSBC’s UK retail and wealth group will not receive a pay rise this year, a spokesman for HSBC confirmed this evening, despite the bank U-turning on a policy to enact a pay freeze.