Now that regulators in Washington have unfurled a hefty reform package of post-financial crisis capital regulations, banking industry advisers are honing in on what they consider most disruptive, including risk management requirements that could affect real estate lending, consumer credit and wealth management.
Private equity firm KKR & Co Inc said on Monday its second quarter after-tax distributable earnings fell 23% year-on-year as growth in management and transaction fees could not offset a slump in asset sales.
HSBC's head of public affairs has apologised after reportedly saying that Britain had been "weak" for going along with U.S. demands to curtail business dealings with China.
Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be made redundant starting this week, two people with knowledge of the matter said, as part of the bank's integration with UBS Group .
Japan's SoftBank Group is likely to report a return to profit when it announces first-quarter earnings on Tuesday, analysts said, as its Vision Fund investing arm's portfolio of technology stocks enjoyed a rebound.
UBS Group AG is poised to make sweeping changes to the senior ranks of its investment banking division globally as soon as Monday, marking a new milestone in the process of integrating Credit Suisse, people familiar with the matter said.
A U.S. judge has rejected former Allianz fund manager Gregoire Tournant's bid to dismiss a criminal fraud case over his role in causing more than $7 billion of investor losses.
Amazon.com will launch a credit card offering in Brazil, in a partnership with Brazilian lender Banco Bradesco SA , the bank's chief executive said on Friday, as the ecommerce giant pushes to expand its fintech offering.
UBS Group AG is reshuffling its technology, media and telecommunications (TMT) team, elevating some bankers who joined this year as the Swiss bank charts its strategy following its takeover of Credit Suisse, people familiar with the matter said on Friday.
ValueAct Capital is reordering its management team and promoting long-time partner Robert Hale to co-chief executive alongside Mason Morfit as the investment firm focuses more heavily on Japan and wants to simplify its own organization.
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