The stock rose to €33.95 in early trading on Monday, climbing above the bank’s most recent reported book value per share of ...

UBS is cutting 10,000 jobs in its investment bank and is essentially exiting the fixed income business as part of a brutal restructuring to slash costs and refocus on core businesses that include ...

HSBC Holdings (NYSE:HSBC) is putting some bankers on short-term retention deals to close out client mandates as certain investment-banking units scale back across Europe, Asia and the Americas as part ...

When Moelis & Co recently announced the hire of former Merrill Lynch head of EMEA investment banking Mark Aedy, it was a sign of the seriousness with which the upstart US investment bank was ...

After years of restructuring, Deutsche Bank (NYSE:DB) increased its performance-based variable compensation to staff to €2.51B ($2.73B), up 25% from €2.00B in 2023, the company said in its annual ...

Citigroup is making aggressive moves to revitalize its investment banking unit by recruiting top talent, a strategy being led by Viswas "Vis" Raghavan, who joined as head of banking last June. The ...

HSBC Holdings PLC HSBC has agreed to sell its retail banking operations in Bahrain to the Bank of Bahrain and Kuwait (BBK) in light of the ongoing global restructuring plan. The deal excludes its ...

Ralf Etienne juggles long workdays and intense training in the Alps that was delayed by changes in U.S. immigration policy. Now run by three co-CEOs and Lutnick’s two elder sons, the firm is reaping ...