Federal prosecutors are close to finalizing a settlement with SAC Capital that would end a painful chapter for the embattled hedge fund, according to people familiar with the matter, who added that a deal could be announced as early as this week.
Goldman Sachs is a master at making money, but lately it has become a master at giving it away too.
More than a third of companies are planning mergers or acquisitions within the next year, according to an Ernst & Young (EY) survey of senior executives across 70 countries, as confidence grows in the global economic recovery.
Mizuho Financial Group said on Monday that the chairman of its banking unit, Takashi Tsukamoto, will resign, while its president will take a six-month pay suspension, following a loans-to-mobsters scandal.
After 17 months, Bob Greifeld’s Nasdaq OMX is one step closer to moving past its Facebook IPO nightmare.
For the foreign-exchange sales team in Citigroup’s London office, Dodd-Frank regulations mean extra hours at work.
Credit Suisse has named Garrett Curran as its new UK chief executive, taking the role left vacant by the departure of James Leigh-Pemberton to manage Britain's stakes in its part-nationalised banks.
'It was very obvious to the banks what was going on'.
Mizuho Financial Group's investigators said a probe into loans made to gangsters uncovered a failure in internal controls rather than efforts by the bank to deliberately mislead regulators.
Hurricane-force winds have disrupted power and transport networks across southern Britain Monday as one of the strongest storms in decades hits the country during rush-hour.
A Goldman Sachs employee hired to develop surveillance systems to detect illegal behaviour was sued by the SEC for allegedly helping himself to inside information and trading on it.
The former chairman of China’s Founder Securities and its joint venture with Credit Suisse was released a few months ago from police custody after going missing in January, said a person with knowledge of the matter.
Deutsche Bank appointed Berthold Fuerst and Richard Sheppard co-heads of mergers and acquisitions for Europe, Middle East and Africa, according to an internal memo.