Barclays Plc’s investment-banking chief Rich Ricci and wealth-management head Tom Kalaris, two of the last remaining members of former Chief Executive Officer Robert Diamond’s management team, will step down.
Four years ago today, President George W. Bush signed into law the biggest corporate rescue in American history. Even as U.S. unemployment has remained above 8 percent for 43 months, the country’s biggest banks are making almost as much as they ever have.
Oct. 30 (Bloomberg) -- Christopher Wheeler, an analyst at Mediobanca SpA, talks about the outlook for job cuts at UBS AG and the bank's earnings outlook. Wheeler speaks with Tom Keene and Scarlet Fu on Bloomberg Television's "Surveillance." (Source: Bloomberg)
Barclays Plc named Antony Jenkins as its chief executive officer, promoting the head of its consumer business as the U.K. lender recovers from the Libor scandal and considers whether to shrink its investment bank.
Sergio Ermotti, installed as UBS AG’s interim Chief Executive Officer after Oswald Gruebel’s exit, inherits the twin tasks of boosting client confidence and shrinking the investment bank after a $2.3 billion trading loss.