FRANKFURT Eleven Deutsche Bank executives who served during the financial crisis and afterwards have agreed to waive 38.4 million euros (34.33 million pounds) in bonuses to make amends for past misdeeds by the bank, the German lender said on Thursday.
MADRID Citigroup is at an advanced stage in plans to move part of its private banking unit from London to Madrid next year as a result of Britain's decision to leave the European Union, a source familiar with the matter said on Thursday.
FRANKFURT Deutsche Bank forecast lower full-year revenue and only a modest improvement in earnings on Thursday, after a drop in capital markets trading hit second-quarter sales.
LONDON Lloyds Banking Group's biggest half-year profit in eight years and an increase in interim dividends after emerging from government ownership was clouded by costs for past misconduct.
Goldman Sachs Group Inc is launching a new digital platform where customers of other wealth management firms and brokerages can apply for loans, the bank said on Thursday.
FRANKFURT/LONDON Deutsche Bank's planned listing of its asset management arm is unlikely before the first half of next year and could be later, as it wants more time to refine and sell the business's strategy to potential investors, people close to the matter said.
LONDON The European Central Bank joined other major central banks on Wednesday in putting formal pressure on currency-trading banks it works with to sign the new global FX code of conduct.
LONDON Credit Suisse's global strategists slightly rolled back their "overweight" stance on euro zone stocks on Wednesday as a surging euro and the potential for the brisk pace of inflows to ease forces a rethink on one of the year's most popular trades.
NEW YORK Citigroup Inc management outlined an ambitious plan on Tuesday to grow profits and return at least $60 billion to shareholders, setting a new tone at the first major conference the bank has held for investors in over nine years.
LONDON British TV presenter and former disc jockey Noel Edmonds has more than quadrupled the damages he is seeking from Lloyds Banking Group to 300 million pounds as he steps up a 12-year demand for compensation.