Stock brokers who switch firms will be able to keep their bonuses to themselves for at least a few months longer.
U.K. policy makers should relax rules for smaller lenders to stimulate competition in the industry, according to the British Bankers’ Association.
Citigroup Inc., the world’s largest currency dealer, named James Bindler global head of foreign exchange to succeed Jeffrey Feig, who’s joining Fortress Investment Group LLC.
Hamilton Insurance Group Ltd., the reinsurer that counts Sanford “Sandy” Weill as its chairman, hired Bob Deutsch as chief strategy officer to lead an expansion that could include takeovers.
Popular Inc., Puerto Rico’s biggest bank, is repaying its U.S. bailout after more than five years.
Fortress Investment Group LLC hired two foreign-exchange specialists including Citigroup Inc.’s Jeffrey Feig, taking advantage of turmoil at global currency dealers to bolster its hedge funds.
Warrants tied to Citigroup Inc.’s bailout fell to a record low, down 87 percent from the price at which they were sold by the U.S. Treasury Department in a 2011 auction.
Bank of America Corp., the second- largest U.S. lender, agreed to an $8 million fine and returned almost $90 million to clients of its Merrill Lynch unit who were improperly charged fees over six years.
Discover Financial Services agreed with regulators to bolster its payment systems against money launderers. No financial penalty was imposed.
"We repeatedly-- and politely-- have asked Obama 2012 campaign officials in Iowa and Chicago for the same access."
- Rick Green on Oct 23, 2012