LONDON/ZURICH UBS has settled a lawsuit with a former junior trader who accused the Swiss bank of mishandling a complaint of rape and sexual assault by senior colleagues against her, representatives for the former employee said on Friday.
LONDON Lockdowns are sharpening the knives in the cut-throat world of M&A banking.
LONDON/HONG KONG Royal Bank of Scotland has begun a major restructuring in its overseas investment banking operations, cutting almost a quarter of full-time staff in the United States, two sources with knowledge of the plan told Reuters.
LONDON The novel coronavirus has upended how banks manage lending risk, with decades of data rendered moot by a once-in-a-lifetime mix of global economic shutdowns, unprecedented government support and an uncertain path to recovery.
BOSTON/LONDON Vanguard Group, the world's largest mutual fund manager, backed shareholder resolutions for shippers United Parcel Service Inc and J.B. Hunt Transport Services Inc and oil driller Ovintiv Inc to limit their climate-warming emissions, according to a top Vanguard executive and a company report being released on Thursday.
LONDON/BOSTON Prudential sold a minority stake in its U.S. business, Jackson, to Apollo Global-backed Athene Holding for $500 million, the insurer said on Thursday, in the first phase of its plan to create an independent U.S. business.
LONDON, June 18 The Pensions Regulator (TPR) on
Thursday published the framework for the launch of UK pension
superfunds, a new structure designed to ease the burden of
Britain's 2 trillion pound ($2.5 trillion) final salary pension
sector on cash-strapped firms.
LONDON HSBC is resuming plans to cut around 35,000 jobs which it put on ice after the coronavirus outbreak, as Europe's biggest bank grapples with the impact on its already falling profits. | Video