The fragmented UK wealth management sector is shrinking as firms quit, bulk up or look to service a more profitable slice of the country's growing number of rich clients, to cope with costly new regulations.
Goldman Sachs President Gary Cohn said that he would watch closely what world finance ministers say about regulation when they meet this weekend.
Regulators are actually increasing risk in the US banking system, says bank analyst Richard X. Bove.
Government regulations aimed at reducing reducing risk at the nation's banks in the wake of the 2008 financial crisis are having the opposition effect, bank analyst Dick Bove tells CNBC.
Just 3% of financial services professionals polled globally believe that the regulatory changes implemented since 2008 have done enough to prevent a future crash, according to a survey commissioned by global professional services firm Kinetic Partners.
Staff have been quitting Britain's financial watchdogs at nearly twice the rate since they were split into two bodies this year, data seen by Reuters shows, at a time when experts warn of a regulatory brain drain in Europe's biggest financial hub.
Standard Chartered scaled back its income growth target for the next couple of years on Monday as slower economic growth and tougher regulations bite.
UBS, said it probably won’t be able to reach its profitability goal in 2015 after the Swiss regulator demanded the company hold more capital for risks related to litigation.
Benchmarks underpinning markets from oil to currencies face tougher oversight under plans by global regulators to prevent any repeat of Libor-style fraud.
Barclays CEO Antony Jenkins has denied any conflict between his bank and its regulators, even as the U.K. banking giant tries to fend off pressure to meet stricter capital requirements.