A Texas man accused of defrauding a bank of $42.4m fraud while trading ethanol futures contracts in 2010-2011 worked for Citigroup at the time, a Citi spokesman said on Monday.
The government’s legal pursuit of JPMorgan strikes many people on Wall Street as unfair.
Big deals are back. M&A is not.
A JPMorgan employee is cooperating with federal investigators examining whether the bank knew the mortgage bonds it sold were of poor quality, a person familiar with the probe said.
Wells Fargo agreed to an $869m settlement with Freddie Mac to resolve repurchase claims on faulty loans sold to the government-backed firm before 1st January 2009.
Global syndicated lending up 24% from 2012
Banks are set to face a broad international leverage limit that will catch off-balance sheet risks and prevent them from hiding their debt, according to the head of the Basel Committee on Banking Supervision.
A devout Sikh is suing his former bank for over £50,000 ($81,165) after colleagues allegedly interfered with his turban and asked him whether it 'flashed red in an emergency'.
If you can't hang out in Neverland, you're best off getting old in Sweden and avoiding Afghanistan and some of the fastest-growing emerging markets.
It pays to be the banker’s banker - at least for Warren Buffett, who will net roughly $4bn from Goldman Sachs for his efforts.
Former HBOS bosses who will be heavily criticised this week over their role in the bank’s near-collapse are likely to escape fines because regulators’ report into the matter took so long to complete.
Barclays has agreed to pay $120m to settle private U.S. litigation accusing it of conspiring with rivals to rig the benchmark interest rate known as Libor, lawyers for the plaintiffs said on Friday.
The Department of Justice has announced that Standard Chartered Bank (Switzerland) SA, en liquidation (SCB Switzerland), reached a resolution under the department’s Swiss Bank Program.