The Swiss competition commission has opened a preliminary investigation into whether dozens of banks were improperly sharing information about what they pay some staff, it said on Monday.
As the Bank of Canada considers ditching oversized interest rate hikes, it is dealing with an economy likely more overheated than previously thought but also the bond market's clearest signal yet that recession and lower inflation lie ahead.
UniCredit will reassess the remuneration of CEO Andrea Orcel ahead of its 2023 general meeting to see if the results achieved by Italy's second-biggest bank in 2021-2022 warrant an increase, a document on its website showed.
Wall Street banks are weighing plans to slash bonuses this year, Bloomberg Law reported on Friday, as investment banking comes under pressure from choppy markets and a high interest-rate environment.
Blackstone Inc limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge in redemption requests, an unprecedented blow to a franchise that helped it turn into an asset management behemoth.
While there has been little wider fallout from this week's surge in redemption requests at an unlisted Blackstone real estate income trust (REIT), it is being read by some as a warning sign.
JPMorgan Chase & Co , Bank of America Corp and Citigroup Inc are all weighing plans to cut bonus pools for their investment bankers by as much as 30%, Bloomberg Law reported on Friday, citing people with knowledge of the internal deliberations.
Canadian Imperial Bank of Commerce (CIBC) said on Friday it would appeal a New York court's ruling in a lawsuit brought against the bank by an entity of U.S. private equity firm Cerberus Capital Management.
Regulators must step in to protect crypto investors after the collapse of FTX, financial industry executives and lawmakers said at the Reuters NEXT conference this week, the latest call for tougher oversight of a sector prone to meltdowns.
Britain's financial watchdog on Friday warned insurers against undervaluing cars and other items when customers submit a damage claim and said it was taking unspecified action against firms breaking its rules.
