Shirlina Tsang, a former Royal Bank of Scotland Group Plc trader who pleaded guilty in Hong Kong to fraud for trying to hide losses of $30.8m, was sentenced to 50 months in jail.
Gerhard Seebacher, co-head of global fixed-income, currency and commodities trading at Bank of America, is leaving after 18 years at the firm, said two people briefed on the matter.
Op-ed: Five years after Lehman Brothers, big pillars of reform are still not in place and five years from now, we could find ourselves in another financial crisis.
There've been lots of articles written about how difficult it is for gay footballers to come out - especially when they are still playing. Can you imagine, for example, the stick an Arsenal player would get at White Hart Lane, or a Tottenham player at The Emirates ?
Some of Lehman Brothers' Europe-based creditors will be repaid almost all the funds owed to them, according to the administrator of the European operations of the defunct investment bank.
A gentlemen's agreement between hedge fund titans Steve Cohen and Izzy Englander not to poach employees from each other's firms appears to be over.
JPMorgan Chase CEO Jamie Dimon overhauled leadership of the bank’s regulatory matters this year as U.S. examiners said they had lost trust in management, the Wall Street Journal reported.
A group of former Barclays executives are launching a London-based asset management firm that combines socially responsible and Islamic investment principles, seeking to build crossover appeal among both investor segments.
In his first public comments since resigning from Switzerland's largest insurer after being named in the suicide note of its finance chief, Josef Ackermann said it was unfair to blame him for what he called a surprise tragedy.
Here's Thomson Reuters Investment Banking Weekly Scorecard.
A Royal Bank of Scotland executive told a hedge fund client as early as August 2007 that banks were setting Libor rates to support their own trading, according to evidence from a U.K. lawsuit alleging that RBS’s misconduct has yet to be fully exposed.
A New York jury convicted two ex-Rabobank Groep traders of rigging a key financial benchmark in the first such trial since the government pledged in September to hold bankers accountable for wrongdoing.
A pair of Deutsche Bank healthcare investment bankers are leaving for JPMorgan a little more than a year after joining the bank, according to people familiar with the matter.