AMSTERDAM Eurogroup chairman Jeroen Dijsselbloem rejected calls for banking union regulations to be loosened after weeks of falling bank shares, saying new European bail-in rules had caused investors to look "more critically" at risks born by banks.
Bank of America Corp raised Chairman and Chief Executive Officer Brian Moynihan's compensation by 23 percent in 2015, a year the bank more than doubled its profits.
WASHINGTON Morgan Stanley will pay about $3.2 billion to settle charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, federal and state officials said Thursday.
Thomson Reuters Corp reported higher-than-expected quarterly profit on Thursday, benefiting from lower costs and tax savings, and said it expects its revenue to grow by low single digits in 2016.
LONDON HSBC , Europe's largest bank, has dropped plans to freeze pay this year, according to a memo by Chief Executive Stuart Gulliver seen by Reuters, reversing a cost-cutting decision made less than two weeks ago.
TOKYO Nomura Holdings Inc plans a shift in focus in the United States toward client-oriented services from market-based trading, the chief executive said, in its latest attempt to establish a profitable business in a major overseas economy.
NEW YORK A U.S. judge said Tuesday that he would likely delay the release of a report detailing how well HSBC Holdings Plc has complied with anti-money laundering requirements until a federal appeals court could weigh in.
Goldman Sachs Group Inc and other U.S. banks are looking at ways to slash expenses further this year as market turmoil, declining oil prices and concerns about Germany's Deutsche Bank AG have sent the sector's shares down sharply.
FRANKFURT Deutsche Bank bosses face a formidable task to drag its shares off a 30-year low, with reassurances about its capital levels doing little to improve investor confidence and few other options on the table to trigger a recovery.
LONDON (Reuters Breakingviews) - Credit Suisse's higher fixed costs are one of several unintended consequences of the new rules governing banker pay. The Swiss bank is shrinking the proportion of annual bonuses it defers to 41 percent, from well over half in 2013. There's a clear rationale: boss Tidjane Thiam is trying to cut expenses, yet he can barely clamp down on pay because of awards made in previous years that keep coming due.