UBS to restart investment banking in Brazil

Brazil Fans

UBS will restart investment banking operations in Brazil as early as this week, sources said, almost five years after the bank sold its highly profitable securities unit there following the global financial crisis.

Bankers to get EU bonus cap reprieve

Dunce Cap Hat

Bankers who earn more than $1.4m won the chance of a reprieve from European Union bonus curbs as regulators published a blueprint to implement rules on rewards for irresponsible risk-taking.

Ross McEwan has a lot to do at RBS

RBS branch window

Ross McEwan may work in the same oversized office that used to be occupied by Fred Goodwin, but the bank he is running is already markedly different from the global empire that the disgraced Scottish banker built up before it collapsed into a £45bn taxpayer bailout in 2008.