Investors told to expect several potential large 'structural reductions'.
After quitting as a senior currency trader at Royal Bank of Scotland a decade ago, Mark Warburton is chasing a new challenge: Premier League football manager.
Raoul Weil, who once ran UBS's global wealth-management business, referred to accounts hidden by U.S. clients from the Internal Revenue Service as 'toxic waste,' a witness at his tax-conspiracy trial said.
The Securities and Exchange Commission announced on Thursday that former hedge fund manager Rajarengan 'Rengan' Rajaratnam has agreed to pay more than $840,000 and accept securities industry bars in order to settle the agency’s insider trading case against him.
Goldman Sachs on Wednesday attacked expert evidence offered by attorneys for former female employees in a U.S. federal sex discrimination lawsuit, arguing there was no pattern of gender-based pay and promotion disparities at the firm.
Several executives at J.P. Morgan Chase & Co. in New York were warned of potential problems related to the bank’s hiring practices in China more than a year before the program came under scrutiny by the U.S. government, according to people familiar with the matter and documents reviewed by The Wall Street Journal.
Christian Clausen, president of the European Banking Federation, said regulators need to rethink an approach he warned will bury the industry under a mountain of rules with little coherence.
Banks in London are expanding curbs on entertainment, with some adding bans on buying clients shots and expensing pricey bottle services for tables at nightclubs.
JPMorgan Chase CEO Jamie Dimon said cancer hasn’t altered his plans to keep working even as he looks toward a retirement that he hopes will include philanthropy and teaching.
Daiwa Securities Group has closed its London principal-trading desk for convertible bonds as Japan’s second-largest brokerage reviews the profitability of its operations abroad.
JPMorgan Chase CEO Jamie Dimon said he plans to resume travel outside the U.S. after completing eight weeks of treatment for throat cancer.
UBS hired Kevin Lecocq as its global head of products in asset management, a new position, as the firm revamps the unit to boost profitability.
Pacific Investment Management Co.’s executive committee discussed firing co-founder Bill Gross after some of his deputies threatened to quit, according to two people familiar with the matter.