The number of employees earning more than a million euros or pounds at Europe’s biggest banks fell sharply last year, another sign of the clout they have lost to U.S. rivals since the financial crisis. Early indications from four big European institutions show that ...Read More

Deutsche Bank could ax bonuses for some of its senior staff as scrambles to shore up cash to pay a potentially massive fine over toxic US loans. The bank, which has spooked investors in recent months with warnings over lower for longer interest rates ...Read More

LONDON (Reuters) – The outcome of a two-and-a-half-year legal battle between Goldman Sachs and Libya’s $67 billion sovereign fund is a triumph for the Wall Street giant, which was vindicated despite embarrassing revelations about how some of its bankers conducted business. The London High ...Read More

ROME, Oct 12 (Reuters) – Italian Economy Minister Pier Carlo Padoan on Wednesday ruled out any state intervention or a so-called “bail-in” to support the troubled lender Banca Monte dei Paschi di Siena. “No measures of public support or nationalisation are foreseen (for Monte ...Read More

Are banks stable? Have we got the right regulatory structure? These are fundamental questions that need to be addressed if investment banks are to become strong and safe enough to weather the next 20 years. The onus is on our industry to demonstrate that ...Read More

(Reuters) – Embroiled in a scandal over unauthorized customer accounts, Wells Fargo & Co (WFC.N) faces a steep challenge in overhauling its hard-charging sales culture without gutting profits. Until recently, Wells staffers labored under ambitious quotas while executives boasted to Wall Street about “cross-selling” ...Read More

The head of the euro zone finance ministers, Jeroen Dijsselbloem, has told CNBC that he will use the annual meetings of the International Monetary Fund (IMF) and the World Bank to discuss how U.S authorities impose fines on the European banking sector. Dijsselbloem – ...Read More