By Nupur Anand NEW YORK (Reuters) – JPMorgan Chase & Co is cutting nearly 40 investment bankers in the U.S., a source with knowledge of the matter said. The reductions …
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By Milana Vinn NEW YORK (Reuters) – When a senior Goldman Sachs technology banker delivered a grim prediction to his colleagues earlier this year, it marked the beginning of downturn …
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By Scott Murdoch and Yantoultra Ngui SYDNEY/SINGAPORE (Reuters) – Asia’s dealmakers are counting on a pause in rate hikes globally and an economic rebound in China to rekindle activity in …
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By Xie Yu, Ziyi Tang and Julie Zhu HONG KONG (Reuters) – From cutting salaries and bonuses and asking staff not to wear expensive clothes and watches at work, to …
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Tim Scott Part Of Bipartisan Effort To Water Down Penalties On Bad Bankers Will Kessler on June 16, 2023 Republican Sen. Tim Scott has joined forces with Democratic Sen. Sherrod …
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(Reuters) – UBS AG is set to impose tight restrictions on Credit Suisse bankers, including a ban on new clients from high-risk countries and on complex financial products, the Financial …
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By Nevzat Devranoglu ANKARA (Reuters) – Turkey’s central bank signalled at a meeting with senior bankers that it would respond positively to the banks’ requests to soften some measures which …
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By Noele Illien and Stefania Spezzati ZURICH (Reuters) – Hundreds of Credit Suisse’s employees are resigning each week in a sign of uncertainty gripping the lender while it is being …
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ANKARA (Reuters) – Turkish central bank total gross reserves are expected to have fallen more than $5 billion to about $116 billion last week due to rising foreign currency demand …
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NEW YORK (Reuters) – JPMorgan Chase & Co bankers continued to have meetings with the sex offender Jeffrey Epstein even after the bank decided to close his accounts in 2013, …
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By Nevzat Devranoglu ANKARA (Reuters) – Turkey’s central bank has been urging banks in recent weeks to avoid steps that could create demand for foreign currency as May elections loom, …
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By John Revill and Oliver Hirt ZURICH (Reuters) – Four bankers who helped a close friend of Vladimir Putin move millions of francs through Swiss bank accounts have been convicted …
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By Nupur Anand and Tatiana Bautzer Las Vegas (Reuters) – Consumer and mid-sized banks are planning to monitor their internal processes more closely and hold more frequent discussions with regulators …
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By Tatiana Bautzer and Nupur Anand LAS VEGAS (Reuters) – Mid-sized U.S. lenders are getting creative as they try to hang onto customer deposits after two bank failures rattled consumers …
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By Stefania Spezzati LONDON (Reuters) – UBS Group AG told Credit Suisse wealth bankers it’s weighing financial sweeteners for them to stay as it seeks to reassure key staff following …
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By Amy-Jo Crowley LONDON (Reuters) – Bank of America has made a handful of senior appointments within its investment banking team advising European technology, media and telecom (TMT) companies, an …
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NEW YORK (Reuters) – Ukrainian President Volodymyr Zelenskiy met with bankers from JPMorgan Chase & Co last week to get their advice on rebuilding the country and weathering the financial …
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By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – Central bank policy announcements, once viewed as the rule book for how markets should move, are not resonating with traders any …
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‘Grave Error’: Former Clinton Treasury Secretary Warns Central Bankers Against Going Soft On Inflation Harold Hutchison on January 20, 2023 Former Secretary of the Treasury Larry Summers urged central banks …
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By Huw Jones LONDON (Reuters) – More Brexit-related relocations from London and rise in trading increased the number of bankers earning more than a million euros a year in the …
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(Reuters) – Citigroup Inc is boosting compensation for most of its junior bankers by as much as 15%, Bloomberg News reported on Wednesday, highlighting the talent war on Wall Street …
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(Reuters) – Swiss lender Credit Suisse is looking to cut more than 10% of its staff of European investment bankers this year, the Financial Times reported on Saturday, citing people …
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By Scott Murdoch, Selena Li and Sinead Cruise SYDNEY/HONG KONG/LONDON (Reuters) – Newly unemployed Goldman Sachs workers are tapping head-hunters after losing their jobs in its biggest restructuring since the …
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MILAN (Reuters) – Citigroup is cutting as many as 50 jobs in the Europe, Middle East and Africa (EMEA) region, two people close to the matter said. Citi declined to …
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By Sinead Cruise and Stefania Spezzati LONDON (Reuters) – BNP Paribas is introducing titles to grade hundreds of investment bank employees in the UK, a move to ensure a transparent …