Bernard Madoff was in a 'love triangle' involving one of five former employees who are about to go on trial for helping him run his multibillion-dollar Ponzi scheme, prosecutors said.
SAC Capital, which is facing federal insider-trading charges and a money-laundering lawsuit, was granted court approval to continue operating until the cases are resolved.
Two former JPMorgan employees are suspected of misrepresenting a multi-billion-dollar trading loss last year while prosecutors in Manhattan are separately exploring ways to penalise the bank over the 'London Whale' trading blowup.
Britain's largely state-owned Royal Bank of Scotland is unlikely to be reprivatized before 2018, Business Secretary Vince Cable said in an interview published on The Telegraph newspaper website on Saturday.
HSBC has already been fined £1.2bn for breaching money-laundering rules and Royal Bank of Scotland and Barclays hit with major penalties for rigging Libor, but over the past two weeks Britain's major banks have warned shareholders of the wide range of investigations they still face that could lead to even more fines.
If you are going to run a criminal operation that also happens to be a hedge fund, make sure you are a goliath fund with ties to all the most influential Wall Street firms.
The trader at the center of JPMorgan Chase's $6.2 billion trading loss last year will not face U.S. charges related to the incident, a source familiar with the matter said on Thursday.
Financial services companies could be forced to set targets for the number of senior women they employ and publish diversity policies under proposals outlined by City regulators.
The 740 partners at Deloitte UK each took home an average £772,000 as the business advisory firm's revenues rose 8% to £2.5bn in the year to end-May.
Is this guy being entrepreneurial, or just plain desperate ?
Two former JPMorgan traders living abroad who face U.S. charges over the bank's $6.2bn 'London Whale' scandal won a bid on Wednesday to avoid sitting for a deposition in New York, where their lawyers say their arrest is likely.
Every organisation stands on the strength of its people.
A near-$1bn money laundering scandal in New Delhi is threatening to ensnare some of the country's largest banks.