10/24/2012

Barclays' top management purge continues

The purge of Barclays' top management under its new chief executive has continued with the departure of the bank's group human resources director.

10/22/2012

Merrill Grabs Morgan Team Managing $2.5B

Merrill Lynch Wealth Management has snapped up a Morgan Stanley advisor team managing about $2.5 billion in client assets to its Private Banking and Investments Group.

10/20/2012

Credit Suisse, UBS could cut a total 7,000 jobs

UBS is to cut 3,000-5,000 jobs as part of cost-saving measures to offset falling profit, while rival Swiss bank Credit Suisse may announce 1,000-2,000 cuts, Der Sonntag newspaper reported.