UBS to Slash 10,000 Jobs
The actions are seen as a way for UBS to go "back to its roots" in the advisory business.
Barclays Names Jenkins CEO
Antony Jenkins, head of Barclays' consumer business, is taking over the spot vacated by Bob Diamond in the heat of the LIBOR scandal.
Banks Looking for ‘Scientific’ LIBOR Method
They are trying to limit their liability even as London-based Barclays, hit with a record fine over its role in LIBOR manipulation, named a new chairman to replace the one felled by the scandal.
European Banking Union Not Enough: Investors
Investors, apparently, not only lack faith in officials to take decisive action on the debt crisis but also do not seem to believe that a bold solution proposed by some can work—because it does not go far enough.
Rivals May Follow RBS Lead in Investment Bank Cuts
In the wake of cuts announced Thursday by Royal Bank of Scotland Group that it will close or sell its equities, mergers advisory and equity capital markets businesses, slashing 3,500 jobs, other European banks may follow suit.
Banks Push Back Against Greek Debt Cuts
European banks are pushing back against a plan for write-downs of Greek debt that would be great then than the 21% already agreed upon.