Pacific Investment Management Co. said its assets under management declined by $97 billion last quarter, when co-founder Bill Gross left the firm.
UBS plans to hire private bankers to serve French millionaires from Geneva.
JPMorgan Chase Chief Executive Officer Jamie Dimon said the biggest U.S. bank will probably double its $250 million annual computer-security budget within the next five years.
The City regulator was closing in on six banks at the centre of alleged rigging of the foreign exchange market in London on Friday, which could face fines totalling up to £2 billion.
Royal Bank of Scotland could reach a settlement with authorities over the alleged rigging of foreign-exchange markets in the next six to 12 months, CEO Ross McEwan said.
The top financial brass from the Treasuries and central banks of Britain and the US are to take part in a war game, behind closed doors in Washington on Monday, to test how they would handle another Lehman Brothers-style banking crisis .
Now for some cheery news from the banking sector.
George Osborne is to announce on Monday that the government is selling its 40% stake in Eurostar before the election.
Goldman Sachs slashed its growth forecast for Hong Kong as pro-democracy protests stretched into their third week, with no end in sight.
Actor William Shatner told CNBC he was bored by boardroom battles, like the one between Silicon Valley pioneer Mark Andreessen and activist investor Carl Ichan.
Garth Ritchie, who leads Deutsche Bank’s trading business, told staff the firm is targeting a profitability target of more than 10% for the unit as Europe’s largest investment bank reorganizes in a bid to boost returns.
UBS has hired two bankers - one for its equity capital markets business and one for the financial sponsors coverage group - to grow its services for sponsor clients.
Business leaders and global corporations including Barclays, Citi and Goldman Sachs, have been shortlisted for a series of top accolades ahead of the Royal Bank of Scotland sponsored British LGBT Awards.