U.K. prosecutors will question Robert Diamond, former chief executive officer of Barclays Plc (BARC), in a probe into fees paid to Qatar’s sovereign-wealth fund as the bank sought to raise money to avoid a government bailout, according to a person familiar with the matter.
Brady Dougan got a round of applause when he greeted more than 1,500 Credit Suisse Group AG investors in German and French at a stadium in Zurich last week. . . .
Whether on Wall Street or Fleet Street, this is not a happy time for big banks.
There’s been a steady stream of negative headlines suggesting that five years after the end of the financial crisis, the bell finally may be tolling for too-big-to-fail financial institutions. . .
http://hereisthecity.com/en-gb/2014/05/12/these-are-bad-days-for-big-boys-in-high-finance/
Interest rates are likely to fall in struggling Europe as they rise in a recovering UK – luring more money into our frothy markets . .
http://www.theguardian.com/business/2014/may/11/uk-recovery-so-fast-leave-economic-partners-behind
JPMorgan is on the ropes.
As many as 10,000 more job cuts are on the table this year on top of previously announced layoffs — the brutal result of shrinking business and regulators prowling for blood, The Post has learned. . .
http://nypost.com/2014/05/11/dinged-up-jpmorgan-ceo-may-seek-exit-analysts/