Former Treasury Secretary Hank Paulson remarking on the $13 billion fine levied on JPMorgan, called Jamie Dimon a "very strong CEO that had the confidence of his board" of the bank chief's acquisition of Bear Stearns.
Goldman Sachs Chief Executive Lloyd Blankfein said now is a great time for companies to enter the public market.
Steve Cohen may be ready to exhale.
Barclays has become caught up in the new investigation by global regulators into the potential manipulation of the £3tn-a-day currency markets, in the latest set back for bank as it attempts to cleanup in its reputation in the wake of the Libor rigging scandal.
UBS and Deutsche Bank confirmed they were cooperating with regulators probing alleged rigging in the $5.3tril-a-day foreign exchange market, with UBS saying it had taken 'swift action' to review its operations.
Royal Bank of Scotland (RBS) is reviewing how it trades in the minutes before key foreign exchange benchmarks are set amid a regulatory probe into possible manipulation of the $5.3tril-a-day market.
JPMorgan’s proposed terms to settle state and federal probes of the bank’s mortgage-bond sales were rejected by the Department of Justice this week, said two people familiar with the negotiations.
Bank of America, may need to pay $5bn to $8bn to settle a federal mortgage lawsuit after a rival bank’s deal set 'a relatively high bar', according to Fitch Ratings.
Barclays on Wednesday reported a 26 percent drop in third-quarter net profit to £1.385 billion ($2.22 billion) as earnings at its investment banking arm dropped sharply.
UBS, the world’s largest private bank for the rich, said net inflows from wealthy clients in emerging markets slowed in the third quarter.
A High Court judge on Thursday delayed the trial in a drawn-out battle between Royal Bank of Scotland and shareholders, criticising the lender and its legal advisers for being "unfocused" and swamped by 25 million documents.
Pacific Investment Management Co. sued Citigroup over the bank’s role as trustee for $13.8bn of mortgage-backed securities made toxic when the housing bubble burst, leading to "substantial damages."
Credit Suisse’s joint venture in China won approval to offer securities brokerage services for the first time, in the economic zone of Qianhai in the southern city of Shenzhen.