Stefania Spezzati

Barclays chairman Nigel Higgins believed the bank's former CEO Jes Staley's ties with the late disgraced financier Jeffrey Epstein did not warrant a board discussion in the summer of 2019 after Britain's financial regulator inquired over the matter, according to court documents.

Julius Baer has proposed former HSBC CEO Noel Quinn as next chairman, in a move intended to steer the scandal-hit Swiss bank and wealth manager into calmer waters.

Tikehau Capital, a French fund with 49 billion euros ($51 billion) under management, said there could be a "commercial collaboration in the future" with Schroders after it acquired a 4% stake in the asset management firm.

Barclays has extended the chairmanship of Nigel Higgins for another three years as the bank looks to push ahead with a turnaround plan unveiled last year, the lender said in its annual report on Thursday.

Italy's UniCredit on Tuesday reported a rise in revenues last year from its Russia business but said it had reduced loans and deposits in the country and was compliant with the European Central Bank's demands to scale back.

The U.S. Department of Labor granted UBS a waiver the Swiss bank needs to continue managing U.S. retirement plans after a paperwork error had put the $11 billion of assets the lender oversees at risk, documents show.

The UK's Financial Conduct Authority is scrutinising allegations that some former Credit Suisse employees shared confidential information over the WhatsApp messaging platform, documents seen by Reuters show.

The world's top investment banks are on track to post the highest revenue in five years from trading Israel's bonds and currency thanks to the volatility caused by the 14-month long war in the Middle East, data seen by Reuters show.

Several of Europe's biggest financial firms have cut back their links to Israeli companies or those with ties to the country, a Reuters analysis of filings shows, as pressure mounts from activists and governments to end the war in Gaza.

UniCredit is still awaiting a court decision over whether it must immediately reduce its Russia business to comply with a European Central Bank order, months after filing an objection, people familiar with the situation told Reuters.