Hard work does not always lead to a big payday for Wall Street firms

Jürg Zeltner joins the owner of a collection of European boutiques including Brown Shipley in UK

Shorn of its hard-driving leader Andrea Orcel, the business has suffered a drop in profits

Financial watchdog weighs formal probe into accused senior bank official

Closure follows a similar move by UBS last year and illustrates problems faced by the sector

Former compliance officer says day-trader friend provided mobile phone to keep in touch

The two sides disagree over valuations and Deutsche’s desire to keep control

UBS poll indicates higher proportion think UK exit will have a positive economic effect

Vote to discharge board and top executives from liability falls short of majority needed

Swiss-German alliance would create new European champion

Weak results add to pressure on chief executive Sergio Ermotti

Bank finds large swath of floorspace let to retailers that are shrinking or in insolvency

Deal would create a European champion with €1.4tn of assets under management

Invesco, JPMorgan and Schroders well placed in market forecast to hit $9tn by 2023

Court told Fabiana Abdel-Malek fed inside M&A information to friend

Solicitors’ regulator opens file on whether law firm was transparent about bank relations

Implications of CO2 rules continue to be underestimated, according to report

FT research shows top lenders have moved fewer than 1,500 jobs since 2016 referendum

T Rowe Price, UBS, Credit Suisse, Kiltearn and Silchester hit by 80% fall in Swiss manager’s shares

Chief executive Sergio Ermotti imposes cost-saving plans after revenues slump

Penalty is largest ever from UK regulator over transaction-reporting breaches