Royal Bank of Scotland has been cleared of deliberately engineering the collapse of business customers but has decided to sell off a £3.2bn property portfolio at the centre of the row.
Hedge funds have suffered their worst start to the year in performance terms since the financial crisis, as returns in March and January were both in the red after a volatile quarter for equities, new data reveal.
That's around $127,000 a day!
Morgan Stanley reported profit that beat analysts’ estimates as a surprise jump in fixed-income results helped the firm post the only increase in trading revenue among the six biggest U.S. firms this year.
Goldman Sachs, the Wall Street firm with the highest return on equity in 2013, reported earnings that topped analysts’ estimates as investment-banking revenue jumped to the highest level since the financial crisis.
Barclays will provide a Group Strategy Update on Thursday, 8 May 2014 for institutional investors and analysts.
Deutsche Bank is in talks with potential buyers of its Cosmopolitan resort in Las Vegas as it tries to end a six-year, money-losing venture into casino development, people with knowledge of the matter said.
Citigroup, which aspires 'to become the world's digital bank', will not webcast its annual meeting next week in St. Louis.
Even when he loses, the billionaire investor Steven A. Cohen manages to find a way to win.
U.S. banks including Goldman Sachs should be banned from owning commodities businesses because they could threaten the institutions and global supply chains, Senators Sherrod Brown and Elizabeth Warren told the Federal Reserve.
Deeper cuts needed over the coming months.
'In the long-term they will have to do more. On a four or five year view, the investment bank could probably halve'.
On a sliding scale of difficulty, writing a general-interest book about high-frequency trading is slightly harder than making baseball statistics interesting, but easier than animating the role played by quantitive analysis in the 2007 financial collapse.
Do you have it in you ?
Baird, Jefferies, M & G Asset Management, Mitsubishi UFJ Securities and UBS are now fighting it out in the final of HITC's best place to work in the global financial markets.
And a large barn.
In recent private meetings with analysts and investors, Barclays' new finance chief, Tushar Morzaria, surprised attendees with a frank admission, according to participants: The bank doesn't have a credible plan for what to do with its sprawling investment bank.
'All market participants, analysts and investors, would welcome an investment-bank restructuring beyond what has been announced so far'.
Rajeev Misra, UBS’s former co-head of fixed-income, is preparing to join Fortress Investment Group, two people with knowledge of the matter said.
Royal Bank of Canada has said it’s still considering alternatives for its U.S. proprietary-trading business as its seeks to comply with Volcker Rule restrictions.