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Citigroup says flexible work gives it edge over US rivals

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Bloomberg Citigroup Inc joined rivals including UBS Group AG in touting its flexible work policies as a tool that will offer a competitive edge in recruiting and retaining top staff. The lender’s employees will have the option of working from home at least part time, investment banking co-head Manolo Falco said at a virtual press briefing. That will set the ...

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Morgan Stanley promotes several US technology bankers

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Bloomberg Morgan Stanley has promoted several technology investment bankers to be the next generation of leadership at one of the investment bank’s most important franchises. The New York-based firm has named Dave Chen co-head of global technology investment banking, alongside current co-heads Michael Grimes and Drew Guevara, according to a memo reviewed by Bloomberg News. A representative for Morgan Stanley ...

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UBS in talks to settle Belgian probe over client tax dodging

Swiss bank ubs agrees to turn over 4,000 plus account names

Bloomberg UBS AG is in talks with Belgian authorities to resolve an investigation into allegations it helped wealthy clients dodge taxes, local prosecutors said. Confirmation of the talks comes after newspaper L’Echo reported that the lender has agreed to pay almost 50 million euros ($60 million) to settle the case and avoid a public trial, citing sources it didn’t name. ...

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