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Wall Street firms led by Goldman Sachs are close to buying a stake in chat and instant messaging startup Perzo in pursuit of an alternative to a similar application from Bloomberg, sources familiar with Goldman's plans said.
Deutsche Bank will seek compensation from former chief executive Rolf Breuer for a costly out-of-court settlement reached earlier this year with the heirs of the Kirch media empire, according to a report in the newspaper Die Welt.
Evercore has announced that it has entered into an agreement to acquire the operating businesses of ISI International Strategy & Investment, a leading independent research-driven equity sales and agency trading firm.
The $6.6 billion bailout of Portugal's largest bank poses a warning for other European banks which are heavily exposed to "fragile" emerging market economies in Latin America and Africa, analysts have cautioned.
The shakeup at the top of the Bank of England under its new governor, Mark Carney, is continuing with news that the former chief economist Spencer Dale is leaving to join BP.
Job vacancies at London’s financial-services companies fell by 8% in July from the previous month as hiring by large securities firms slowed, according to a survey by a recruitment firm.
UBS is considering buying a wealth-management firm in Brazil as it seeks to expand that business sevenfold by 2020, said Sylvia Coutinho, chief executive officer of the lender’s Brazil unit.
HSBC, Europe's largest bank by assets, posted another fall in pre-tax profit on Monday as the bank continues the second phase of its turnaround plan.
Germany’s financial regulator, BaFin, is extending investigations into alleged interest-rate manipulation at Deutsche Bank, German magazine Der Spiegel reported.
Citigroup named Elissar Farah Antonios as CEO officer for the United Arab Emirates as the bank seeks to expand in the Persian Gulf region.
Swiss investment bank UBS reported net profit for 2015 ahead of analyst expectations, but warned of continued headwinds.
Nomura Holdings’ third-quarter profit fell 49% as brokerage commissions and investment-banking fees slumped and the firm posted another loss abroad.