Tidjane Thiam

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The UBS move underscores how banks in Europe and the US are scrambling to prepare for a protracted spell of lower rates. File photograph: Feline Lim/Reuters

UBS plans to levy a negative interest rate on wealthy clients who deposit more than SFr2 million (€1.8 million) with its Swiss bank, as lenders hunker(...)

Mark Carney: he has run the Bank of England since 2013, and is scheduled to leave at the end of January.  Photograph: Simon Dawson/Bloomberg

European governments are actively discussing nominating Bank of England governor Mark Carney as the next head of the International Monetary Fund, acco(...)

Christian Sewing was paid €7 million for last year,

Deutsche Bank’s management board members were handed their first bonuses in four years, while chief executive Christian Sewing was paid €7 million for(...)

Bitcoin has lost 80 per cent of its value in the last year. Photograph: Benoit Tessier/Reuters

A year ago this week, the price of bitcoin peaked at almost $20,000. Since then, the biggest bubble in financial history has burst spectacularly, with(...)

Photograph: Stefan Wermuth/Bloomberg

Credit Suisse on Wednesday posted a smaller-than-expected 2017 loss of 983 million Swiss francs (€852 million) as a 2.3 billion franc writedown trigge(...)

Stephen Schwarzman, Adena Friedman, Brian Moynihan,  Tidjane Thiam,  and Frank Appel, in Davos. Photograph: Bloomberg

Senior business leaders clashed on the first day of the World Economic Forum conference in Davos over the impact of the United States’ tax overhaul on(...)

The European ombudsman, Emily O’Reilly. Photograph: Maxwell’s

European Central Bank president Mario Draghi should give up his membership of the opaque Group of 30 consultative body because it risks hurting public(...)

While sceptics have called bitcoin’s rapid advance a bubble, it has become too big an asset for many financial firms to ignore.

UBS, the world’s largest wealth manager, isn’t prepared to make portfolio allocations to bitcoin because of a lack of government oversight, the bank’s(...)

Last month, boutique Swiss hedge fund RBR Capital Advisors urged management to break up Credit Suisse into three parts. Photograph: Arnd Wiegmann/Reuters

Credit Suisse, which faces calls from an activist investor to split up the bank to boost its share price, on Thursday reported a near-six-fold year-on(...)

Hedge fund RBR wants to divide Credit Suisse into an investment bank, an asset management group and a wealth manager. Photograph: Ruben Sprich/Reuters

Activist investor RBR Capital Advisors has launched a campaign to break up Credit Suisse, hoping to capitalise on investor unrest after Switzerland’s (...)

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