Banks
Citi and JPMorgan top list of globally systemic banks
LONDON Citi has joined JPMorgan at the top of global regulators' list of systemically important banks, replacing HSBC and meaning the U.S. bank will have to hold extra capital from 2019 to help preserve financial stability.
Goldman Sachs' co-head of Europe to retire at year-end
LONDON Michael Sherwood, co-head of Europe at Goldman Sachs is retiring, according to a memo sent on Monday.
2017 is when a decade of global monetary easing ends, says BAML
LONDON Next year will be the first since 2006 that there will be no big monetary policy easing across the world's leading industrialized nations, signifying the end of the 35-year bull market in bonds, Bank of America Merrill Lynch said on Monday.
Achleitner's bid for five more years at Deutsche splits investors
FRANKFURT Paul Achleitner's nomination for a new term as Deutsche Bank chairman has split investors, with Qatar's Sheikh Hamad bin Jassim al-Thani backing him but other shareholders reluctant to give their support, according to people with knowledge of the matter.
Pioneer's 3.5 billion euro price tag too much for Aberdeen - Bloomberg
Aberdeen Asset Management's chief executive said Italian bank UniCredit had priced its Pioneer fund unit too high at 3.5 billion euros ($3.7 billion), prompting the British firm to drop a takeover bid, Bloomberg reported on Monday.
Deutsche clears chairman of blame for bank's poor cooperation in Libor case - paper
FRANKFURT Deutsche Bank has cleared its chairman of accusations by shareholders that he was partly to blame for the bank's poor cooperation with authorities over alleged rate-rigging, daily Sueddeutsche Zeitung has cited financial sources as saying.
Credit Suisse moves towards Swiss bank spin-off
ZURICH Credit Suisse has moved more than 1 million customers into a new Swiss bank which goes live on Sunday, a step towards what could be Switzerland's biggest stock market listing in more than a decade.
Wells Fargo faces tighter controls as U.S. regulator reverses course
WASHINGTON A leading U.S. bank regulator on Friday reversed course and positioned the agency to claw back pay of former executives at Wells Fargo & Co after a phony-accounts scandal.
Ex-JPMorgan executive who fled to Argentina pleads guilty in U.S.
NEW YORK A former JPMorgan Chase & Co executive who spent eight years on the run in Argentina pleaded guilty on Friday to U.S. charges that he embezzled $5.4 million from clients at the bank and at a prior employer, UBS AG.
Nomura, RBS appeal U.S. judge's $839 million mortgage bond award
NEW YORK A U.S. appeals court appeared unlikely on Friday to overturn an order requiring Nomura Holdings Inc and Royal Bank of Scotland Group Plc to pay $839 million for making false statements while selling mortgage-backed securities to Fannie Mae and Freddie Mac.
