Exclusive: UBS nears major investment bank restructuring -sources

[ad_1] Logos of Swiss banks UBS and Credit Suisse are seen on an office building in Zurich, Switzerland March 19, 2023. REUTERS/Denis Balibouse NEW YORK, Aug 4 (Reuters) – UBS…

SVB Financial nears approval to sell its investment banking business

[ad_1] NEW YORK, June 29 (Reuters) – A U.S. bankruptcy judge said Thursday that he would allow SVB Financial Group to sell its investment banking division, once the company has…

Senate panel to consider bill targeting executive pay at failed banks

[ad_1] WASHINGTON, June 16 (Reuters) – The U.S. Senate Banking Committee will consider a bill Wednesday that would allow regulators to claw back compensation for executives at failed banks. The…

France investigates Binance over money-laundering, canvassing breaches

[ad_1] PARIS, June 16 (Reuters) – Binance is under preliminary investigation for illegal canvassing of clients and money-laundering, the Paris prosecutor’s office said on Friday, the latest in a series…

Atlanta Fed’s Bostic acknowledges more financial disclosure issues

[ad_1] NEW YORK, June 15 (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic acknowledged Thursday more issues with his past financial disclosures, as part of a general release…

UBS, government sign Credit Suisse loss-sharing deal clearing way for deal to close

[ad_1] [1/2] A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023. REUTERS/Denis Balibouse Guarantees takes effect after UBS losses hit 5 bln francs UBS, government…

Crypto companies made ‘calculated’ decision to flout rules, says SEC chair

[ad_1] June 8 (Reuters) – The chair of the U.S. Securities and Exchange Commission (SEC) on Thursday strongly rebutted criticism that the agency is trying to crush the crypto industry,…

Goldman names new COO of global M&A business – memo

[ad_1] NEW YORK, May 2 (Reuters) – Goldman Sachs Group Inc (GS.N) has promoted Troy Broderick to be the new chief operating officer of its global mergers and acquisitions business,…

Lazard reports surprise loss on dealmaking slump, cuts jobs

[ad_1] April 28 (Reuters) – Investment bank Lazard Ltd (LAZ.N) on Friday reported a surprise loss in the first quarter as dealmaking slumped, a trend the company’s CEO said would…

U.S. officials lead urgent rescue talks for First Republic -sources

[ad_1] NEW YORK, April 28 (Reuters) – U.S. officials are coordinating urgent talks to rescue First Republic Bank (FRC.N) as private-sector efforts led by the bank’s advisers have yet to…