The Nasdaq was hit with another market glitch on Tuesday, as index data froze just before lunchtime.
Halloween Special: here's something spooky sent in by one of our investment banking readers.
The Libor rigging scandal was reignited on Tuesday, forcing the chairman of Rabobank to quit after the Dutch bank was fined €774m (£662m) for rigging the benchmark interest rate.
Standard Chartered put one of its most senior foreign-exchange dealers on leave as regulators probe possible manipulation in currency markets, a person with knowledge of the matter said.
Morgan Stanley plans to seek the U.S. Federal Reserve approval to widen the $500m share buyback program cleared earlier this year, the Wall Street Journal reported, citing people familiar with the matter.
A victim of a crime would never be expected to pay for the perpetrator’s lawyer to defend the case.
Al Breach, former Russia strategist at UBS, is setting up a hedge-fund firm with ex-colleague Charles Hill and UFG Asset Management’s Florian Fenner.
Rabobank, the co-operative formed in 1898 to lend to Dutch farmers, was fined $1.1bn for its involvement in rigging benchmark interest rates, the second-largest in the global investigation. The bank’s chairman, Piet Moerland, said he would resign.
Deutsche Bank, Europe’s largest investment bank by revenue, said third-quarter profit slid 94% after it set aside $1.65bn to cover expected legal costs and income from debt trading fell.
It's called 'managing attrition'.
Mission accomplished? Assessing the capital health of the UK’s banks is a neverending task, of course, but Mark Carney, governor of the Bank of England, seems pleased with the current state of affairs.
Banks were too focused on protecting themselves from a repeat of the global financial crisis that they missed many investment opportunities offered by key startups, the managing director of CommerzVentures told CNBC.
Following the banking collapse in 2008, the banking industry, with the exception of JPMorgan Chase , worked behind the scenes to influence new regulations but didn't seem to be interested in bringing the bankers' point-of-view on these issues to the attention of the public.