Citigroup’s third-quarter fixed-income and equity trading revenue will be 'roughly in line' with the same period a year ago, Chief Financial Officer John Gerspach said.
Credit Suisse is in talks with the U.S. Justice Department to pay as much as $1.6bn to resolve an investigation into the bank's role in helping Americans evade U.S. taxes, a person familiar with the matter said on Monday.
Disagreement at senior levels.
New York’s top banking regulator sent a subpoena to Credit Suisse last week as he examines whether its private bank helped clients evade state taxes, a person with knowledge of the matter said.
Benjamin Lawsky, New York's financial services superintendent, has sought documents from Credit Suisse to examine whether the bank lied to New York authorities about engineering tax shelters, said a source familiar with the matter.
A 50-year-old Harlem educator is giving her UBS broker failing grades after she lost $400,000 from her Puerto Rico muni bond fund.
End-of-2015 expense savings targets.
DBS Group Holdings has agreed to buy Societe Generale’s Asian private banking business to bolster market share in a region where millionaires’ wealth may top North America this year.
Martin Lack became the fourth ex-UBS banker to plead guilty to aiding wealthy Americans evade taxes, admitting that for 17 years he helped U.S. clients maintain secret overseas accounts.