Thomson Reuters has announced the latest results of its proprietary TRust Index, showing that second-quarter 2014 trust sentiment in the top 50 global financial institutions continued to improve, as more banks – particularly those in the Americas - received positive scores to push the global TRust Index into positive territory for the first time since the index was launched in January 2013.
ICAP, the world's biggest broker of transactions between banks, is downsizing its so-called voice broking unit to concentrate on investments in the more profitable areas of electronic broking and post-trade services.
UBS cemented its lead over Bank of America as the world's largest private bank and is within striking distance of managing $2tril on behalf of the wealthy, according to a study on Thursday.
Alix Tichelman pleaded not guilty in the death of Google executive Forrest Timothy Hayes.
Preet Bharara , the U.S. Attorney in Manhattan, may have just lost his first insider trading case, but he said he is keeping the defeat in perspective.
John Paulson , founder of hedge fund firm Paulson & Co., said high levels of corporate merger and acquisition activity "will continue for the foreseeable future."
Barrick Gold Corp said on Wednesday that Chief Executive Officer Jamie Sokalsky would step down on Sept. 15, a move likely to put more power into the hands of the miner's new executive chairman, John Thornton.
McDonald's franchisees' sales outlook for the next six months is the darkest it's been in more than a decade, according to Janney Capital Markets.
Put the flags out!
Two former derivatives traders have sued in London for $11.6m, claiming their previous firm failed to honor an unwritten bonus agreement the bank described as a 'fiction'.
Deutsche Bank posted a net loss of 6.8 billion euros for 2015, in line with the figure announced last week in a profit warning, as writedowns, litigation charges and restructuring costs took their toll.. The bank had already warned last week that it would post a 2015 net loss of approximately 6.7 billion euros.. John Cryan, Co-Chief Executive Officer, said in a...
Citigroup executives encouraged foreign-exchange traders to use electronic chat rooms to share client orders with employees of rival banks, a practice that forced finance companies to pay $10bn in regulatory fines, according to evidence presented to a London employment tribunal.