Finance industry steps up effort to further undermine Basel III endgame after winning major concessions on terms
Longtime executive will receive $400,000 a year and access to a car and driver as he transitions out of top roles at bank
Proposal by regulators requires passive investment funds to seek approval when holdings hit 10%
Consumer regulator says companies ‘illegally sidestepped’ obligations in latest setback for struggling partnership
A new rule tells US banks to share data with rivals whenever customers demand it. They would rather not
Agency finalises regulations aimed at increasing competition and helping consumers link bank accounts to apps
Lenders target corporate clients as they seek to maintain profit margins with Fed trimming benchmark rates
Bank must spend to fix the areas where regulators require faster progress, complicating efforts to bring costs down
Morgan Stanley rounds off strong earnings season
Plus, the private equity battle brewing in Paris and how Goldman impressed Wall Street
Stronger than expected earnings add to hopes of a ‘soft landing’ for economy
Net income outstrips expectations despite hit from retail banking retreat
Tech, regulation and customer inertia have changed the rules
JPMorgan Chase and Wells Fargo beat forecasts as consumers prove more resilient than feared
JPMorgan and Wells Fargo beat forecasts as consumers prove more resilient than feared
The secretive firms that have conquered trading
Loan growth has been sluggish as higher interest rates have deterred borrowers
Eras in financial services end or recede with the incumbents always the last to find out
Handful of secretive businesses including Jane Street and Citadel Securities have seized market share from the old guard
An internal investigation is examining whether executives tipped off certain investors of upcoming secondary offerings
Lenders charged more for loans but kept interest payments to savers down, FT analysis finds
Appointment comes as industry’s working conditions come under fresh scrutiny
An important task for regulators is to understand how different forms of financial intermediation fit together to benefit customers
Discussions come as Wall Street Bank scales back its consumer ambitions, including vaunted partnership with iPhone maker
Former PwC partner Tim Ryan will take over data overhaul team from Anand Selva
