KPMG: Bankers face job losses and pay cuts

The report also warned neither banks nor regulators know what the industry will look like in the coming years as banks are squeezed between new rules, demands to lend more and the weak economy.


UBS Shuffles FICC Chiefs in Americas

The leadership shuffle, detailed in an internal memo seen by Dow Jones Newswires, was announced internally Tuesday by Roberto Hoornweg and Rajeev Misra, global co-heads of the Swiss banking company's fixed-income, currencies and commodities division.


Multi-Asset Leader Loses Key Manager

One of the largest multi-asset players in United Kingdom fund management has lost one of its leading managers, aiCIO has learned, as its assets in the sector top £60 billion.


Arab Bank chairman quits over CEO dispute

Sources at the bank, one of the Middle East's largest financial institutions, said key shareholders failed to back Shoman, whose family founded the bank in Jerusalem, after a months-long dispute with CEO Nemah al-Sabbagh over his management of the ba


Mercer boosts Asian Wealth Management business

“These two senior appointments will play a pivotal role in both Mercer’s global and regional strategies, in particular developing wealth management solutions that are second to none,” said Stephen Roberts, Mercer’s Regional Busines


Credit Suisse Managing Director Toone Departs For CBA

Mr. Toone was Credit Suisse’s Co-Head of Commodity Sales for the Asia Pacific, and will join Commonwealth Bank of Australia in October as Global Head of Commodities. He will continue to facilitate mining project finance.