The brokerage arm of top Japanese lender Mitsubishi UFJ Financial Group will cut about half of its staff in Asia outside of Japan in a restructuring to be finalised as early as Wednesday, two people familiar with the matter said.
HSBC on Tuesday got partial satisfaction in its fight against a 33.6 million euro (29.68 million pounds) fine levied by EU antitrust regulators three years ago for rigging the Euribor financial benchmark together with six other banks.
(This September 23 story corrects para 13 to clarify the incident occurred last week, not last month.)
Swiss exchange operator SIX Group plans a full launch of its new SIX Digital Exchange (SDX) trading platform using blockchain technology only at the end of next year, it said on Monday.
A deal to transfer Deutsche Bank's prime brokerage business to BNP Paribas could see up to 1,000 staff move from the German lender to the French bank, BNP said on Monday.
Commerzbank said on Friday it wanted to shed thousands of staff and close a fifth of its branches in a strategy overhaul, after the German lender's attempt to merge with Deutsche Bank failed.
Royal Bank of Scotland named Alison Rose as its new chief executive on Friday, becoming the first major British lender to appoint a woman to its top job.
A private equity firm led by former bankers from top Italian investment house Mediobanca has agreed a backstop worth up to 1 billion euros (878.3 million pounds) to help Mediaset ensure safe passage for its plans to create a pan-European TV player.
Some senior Deutsche Bank AG officials have discussed the possibility of putting additional problematic assets worth billions of euros into a unit it created earlier this year, if the bank is able to sell assets already held within that "bad bank," according to three bank sources.
The European Central Bank is examining whether to open a formal investigation into Deutsche Bank for allegedly buying some of its own securities without authorisation, two people familiar with the matter said on Wednesday.
After the collapse of Thomas Cook left tens of thousands of Britons reliant on the government to bring them home, Prime Minister Boris Johnson questioned whether the travel firm's bosses should have paid themselves so much ahead of its demise.