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 ?
You are guaranteed to chuckle at just how accurate these conference attending stereo-types are.
The overnight boom in tech stocks made a few billionaires even richer when they woke up Friday — and helped Bill Gates fend off a brief challenge to his title as world's richest man.
U.S. equities closed sharply higher after the Chinese central bank cut rates and after three tech giants posted better-than-expected earnings.
Goldman Sachs hired traders from Glencore and hedge fund Moore Capital Management as the bank seeks to rebuild its bulk commodities team following a string of departures, according to people familiar with the situation.