40% - 60% of London FIC staff may be affected.
ICAP, the world's largest interdealer broker, is winding down its financial futures voice broking desk as it cuts costs to counter slumping trading volumes, a source familiar with the matter said.
Manfred Noetzel has a message for Deutsche Bank: Don’t mess with Bavarian justice.
Bill Gross, the former chief investment officer of Pimco, has said there 'was no reasonable way' for him to remain at the nearly $2trn asset management company he founded, as he described for the first time his 'slow' realisation that he had to leave.
It’s Mental Health Awareness Day and at Bank Workers Charity we want to highlight the different services we offer to support people suffering from mental health issues.
UBS hired Kevin Lecocq as its global head of products in asset management, a new position, as the firm revamps the unit to boost profitability.
VTB Capital’s Manu Tripathi said he departed the firm, where he oversaw foreign-exchange derivatives, 18 months after joining from UBS.
Nomura Holdings Inc.’s credit rating was raised by Moody’s Investors Service for the first time since November 2005 amid improved profitability at Japan’s biggest brokerage.
UBS is tightening its rules on how employees can trade securities for personal accounts, telling staffers it wants to prevent potential abuses.
The FBI believes ETrade observed cybersecurity activity related to this summer's JPMorgan Chase data breach, a source tells CNBC.
The Bank of England has kept the UK base interest rate at its historic low of 0.5% despite a steep fall in the value of sterling linked to the EU referendum, which policymakers said was likely to exert upward pressure on inflation.
Tom Hayes, the former trader jailed for rigging Libor, told a London court that UBS’s bonus structure was "an enigma wrapped in a riddle" as he fights a bid by prosecutors to seize his assets.
Wells Fargo left Chief Executive Officer John Stumpf’s compensation for 2015 unchanged at $19.3m.