Virtu Financial Inc is setting up an office in Florida, joining a growing number of financial firms moving some of their operations out of New York as the coronavirus pandemic has upended long-standing working arrangements.
Deutsche Bank is gaining in financial strength, putting Germany's largest lender in a position to play a leading role in European banking consolidation, CEO Christian Sewing was quoted on Sunday as saying.
Donald Trump's longtime banker at Deutsche Bank AG will be stepping down from the German lender, with the move coming as the bank looks for ways to cut its relations with the U.S. president.
U.S. bank shares outperformed the broader market on Monday, led by Goldman Sachs and Morgan Stanley, after the Federal Reserve said stress test results meant the sector could resume stock buybacks for the first time since the coronavirus-led downturn.
(Reuters) -Britain's financial watchdog has fined U.S.-listed Charles Schwab's UK business 8.96 million pounds ($11.88 million) for failing to protect client assets, likening it to missteps taken by Lehman Brothers before the 2008 financial crisis.
Citigroup Inc made a final push on Wednesday to persuade a federal judge to force lenders of Revlon Inc to return half a billion dollars of its own money that it mistakenly sent them.
NEW YORK (Reuters) -Citigroup Inc made a final push on Wednesday to persuade a federal judge to force lenders of Revlon Inc to return half a billion dollars of its own money that it mistakenly sent them.
The Department of Justice (DOJ) and FBI are investigating SEB, Swedbank and Danske Bank over possible breaches of U.S. anti-money laundering regulations and fraud, Swedish newspaper Dagens Industri reported on Tuesday, sending the banks' shares lower.
The New Jersey Economic Development Authority (NJEDA) on Tuesday said it has tapped Morgan Stanley's Multicultural Innovation Lab as the first participant in its initiative aimed at getting more startups headquartered in the state.
Citigroup Inc and other finance companies and executives will likely face trial in Australia in 2022, people familiar with the matter said on Tuesday, seven years after a share sale they are accused of colluding on.
More than 200 employees and contractors at Google parent Alphabet Inc in the United States and Canada have formed a labor union to promote workplace equity and ethical business practices, the group's elected leaders said on Monday.