UBS' Raoul Weil, who goes on trial in Florida on Tuesday, is accused of helping wealthy Americans evade millions in taxes.
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.
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.
Inflation has slumped to its lowest rate for five years, hitting 1.2% in September and taking pressure off the Bank of England to raise interest rates in coming months.
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.
The richest 1% of the world’s population are getting wealthier, owning more than 48% of global wealth, according to a report published on Tuesday which warned growing inequality could be a trigger for recession.
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.
Marks & Spencer has been stripped of an award for reducing greenhouse gas emissions from its refrigerators in the latest edition of a long-running green ranking scheme.
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.
Amazon plans to hire 1,000 permanent staff at its UK distribution centres to meet growing demand for goods online.