Finance
StanChart to cut 10 percent of corporate, institutional banking staff: sources
SINGAPORE/HONG KONG Standard Chartered is set to cut about a tenth of its global corporate and institutional banking headcount, sources with direct knowledge of the matter said on Monday, as the bank steps up an aggressive drive to cut costs. | Video
Warren slams Wells Fargo over arbitration position
NEW YORK Massachusetts Democratic Senator Elizabeth Warren on Monday criticized Wells Fargo & Co's decision to require customers affected by its unauthorized accounts scandal to go through arbitration rather than allowing them to sue.
Citigroup 'boys' club' disfavors women, lawsuit claims
NEW YORK A former Citigroup Inc financial adviser on Monday filed a lawsuit accusing the bank of running a "boys' club" that favored men over women, treating her as a "glorified secretary," and firing her in retaliation for whistleblowing activity.
Three former Barclays traders denied Libor appeal request
LONDON Three former Barclays traders jailed for manipulating Libor benchmark interest rates after a London trial have been denied a request to appeal against their conviction and sentence, the wife of one said on Friday.
Wells Fargo employees sue over funds in retirement plans
Wells Fargo & Co faces a new U.S. lawsuit claiming that it funneled more than $3 billion of employee retirement savings into expensive, underperforming proprietary mutual funds to enrich itself.
Three bidders left in the race for UniCredit's Pioneer: sources
MILAN France's Amundi has submitted the highest offer to buy Italian UniCredit's asset manager, Pioneer, while a consortium led by Poste Italiane and Ameriprise Financial are scrambling to stay in the race, three sources close to the matter said on Friday.
Wells Fargo asks U.S. court to dismiss account scandal lawsuit
NEW YORK Wells Fargo & Co has asked a U.S. court to order dozens of customers who are suing the bank over the opening of unauthorized accounts to resolve their disputes in private arbitrations instead of court, according to legal documents.
In wake of Wells Fargo, U.S. regulator mulls tougher bank sanctions
WASHINGTON A U.S. banking regulator is considering whether to harden sanctions against lenders that abuse their clients or violate banking laws, according to a draft plan, seen by Reuters, that was drawn up in the wake of a scandal at Wells Fargo. | Video
U.S. SEC says ex-broker peddled securities after bar from industry
A former Morgan Stanley broker who was barred from the securities industry later solicited $2.7 million from 10 elderly and retired investors without disclosing that his license was revoked, U.S. securities regulators said on Tuesday.
Venezuela's Maduro threatens legal action against JPMorgan
CARACAS Venezuelan President Nicolas Maduro on Tuesday ordered state oil company PDVSA to look into legal action against JPMorgan Chase & Co after the U.S. investment bank reported delays in $404 million in bond interest payments.