Edward 'Ned; Kelly, chairman of Citigroup’s institutional businesses, including the investment bank, is retiring and will be succeeded by Vice Chairman Stephen Volk.
After a steady reduction in its brokerage force, Merrill Lynch is again adding numbers to its 'Thundering Herd'.
U.S. authorities in Puerto Rico are investigating allegations that a former UBS broker improperly advised clients to borrow money to make investments, a person briefed on the probe told Bloomberg.
Most European banks are confident they won’t need to raise capital after the European Central Bank’s balance-sheet review, a study by Ernst & Young LLP showed.
Barclays has launched a long-anticipated sale process for its Index, Portfolio and Risk Solutions (IPRS) business, which could yield around $400m for the UK bank, according to people familiar with the matter.
Europe's banks are under siege from digital disruption, and must make huge IT investments to stay competitive, according to a report out on Monday.
When Phil Harrow drowned his sorrows following the Costa Rica victory that sent England home from the World Cup on Friday, he had to drink deeper than most fans.
With a cream leather lounger strategically placed under a map of the world labelled "the world is ours", the Manchester office of Boohoo founder Mahmud Kamani has the menace of a Bond villain's lair.
Deutsche Bank is conducting its own investigation into trading around the setting of London's daily gold price benchmark, in addition to one being carried out by Germany's financial watchdog, sources close to the matter told Reuters.
To cut or not to cut ?
Deutsche Bank has warned investors it expects to report a €6.7bn (£5.15bn) loss for the fourth quarter of 2015.
Growing concern in the City about Britain’s possible exit from the European Union has been underlined by the fact that the Wall Street firm Goldman Sachs had pumped a significant sum into the campaign for staying in.
Fears that the global economy could be heading for a repeat of the 2008 financial crash have sent shockwaves through financial markets – prompting a rush to safe havens by investors.