U.K. Chancellor of the Exchequer George Osborne backed tougher rules for the banking industry, including legislation to jail reckless bankers and giving regulators the power to defer bonuses for as long as 10 years.
Bank of America Merrill Lynch has hired Winston Cheng from Goldman Sachs as Asia ex-Japan head of its technology, media and telecommunications banking group, according to a memo seen by Reuters on Monday.
Banca Monte dei Paschi di Siena SpA’s largest shareholder has decided to sue two of the Italian bank’s former managers including ex chairman Giuseppe Mussari as well as Nomura and Deutsche Bank over the alleged use of derivatives to mask losses.
Jon Corzine will not be cuffed over MF Global’s improper handling of customers’ funds leading up to the commodity brokerage firm’s spectacular collapse in late 2011, The New York Post has learned.
Deutsche Bank will reduce its balance sheet as regulators implement stricter rules on the relation of equity to total assets, Chief Financial Officer Stefan Krause said.
Sony exclusive title holds onto top spot for fourth week running.
The new craze in the wealth-management world is wealthy women.
Citi's Board of Directors has announced that it has elected Gary M. Reiner and James S. Turley as new independent directors.
A large hedge fund that invested in shares of the government-sponsored mortgage companies Fannie Mae and Freddie Mac has sued the U.S. Treasury Secretary, and the head of the Federal Housing Finance Agency, along with the agencies themselves, arguing that their attempts to wind down the companies violate a Congressional mandate.
Manchester City fans will remember Ishmael Miller as a bright young prospect, but now he is 26 it is time for him to kick on at Nottingham Forest.