A more focused bank with more modest ambitions will be easier to manage and pose less risk to its host economy
The move is part of a plan to pare about 12,000 roles by 2017
It's hardly a household name but there are a lot of banks like this in London, they emply a lot of people, who pay a lot of tax, and they will be gone if the Government opts for a hard Brexit
The UK will also lose £10bn per year in tax revenues, according to the analysis.
Wells Fargo's board canceled $41 million in unvested stock awards to CEO John Stumpf and $19 million to retiring consumer banking chief Carrie Tolstedt
The struggling German bank is looking for Goldman Sachs-like penalties for its pre-crisis dealings.
Until now, the case for banning cash has been couched in terms of deterring criminality, eliminating tax avoidance or even improving hygiene – but it would also allow banks to set negative interest rates
'The Euro crisis has left its mark on the savings of private households, especially in Italy,' says economist Kathrin Brandmeir
City adopts new lobbying strategy as it battles for special status in Brexit negotiations
Facial recognition technology will be used to verify the images
BHP mine deaths verdict; Small banks back traditional banking; German inflation falls heaping pressure on ECB
Bankers no longer make it to the top
Bill Winters has got bank back in the black after making heavy losses in the second half of last year
The bank has a host of problems, but it's keeping up with City expectations so its stock has been in demand on the markets
US bank ripped off former convicts with $10 fees to withdraw money from a branch and $2 charges for using cash machines
The authorities already seem sympathetic to the banking industry. How else to explain the decision last December by the Financial Conduct Authority to ditch its proposed inquiry into the culture, pay and behaviour of banking staff?