A former IT analyst from banking group HSBC who provided prosecutors with data on thousands of accounts said in an interview he hoped a Franco-Spanish tax avoidance probe would widen to other countries.
Morgan Stanley is entitled to $10.2m in restitution from Joseph 'Chip' Skowron, a former hedge fund manager serving a five-year prison term for insider trading, a U.S. appeals court ruled.
Hugh E. McGee III, a former Lehman Brothers oil banker, fired his gun into upstate New York’s sky last year. Clients and colleagues, who know him as Skip, watched the one duck tagged with a ribbon fall.
Deutsche Bank was sued for wrongful termination by four traders fired in the bank’s probe into alleged rigging of interbank lending benchmarks such as Euribor, two people familiar with the matter said.
Throughout Tuesday morning, as the thermometer neared 100 degrees outside the Manhattan federal courthouse where former Goldman Sachs VP Fabrice Tourre is being tried for securities fraud, jurors could be seen struggling to pay attention to the complex testimony.
At 77 years old, Carl Icahn is at the most active and successful point of his storied career on Wall Street.
Bank of America, the second-biggest U.S. bank by assets, reported a 70 percent rise in second-quarter profit, helped partly by lower operating expenses.
Irish people rang the German Embassy in Dublin to apologise over the behaviour of Anglo Irish bankers who made jokes on tape about getting billions of euros from the Federal Republic to rescue their debt-ridden bank.
Forbes magazine has released its list of the world's most profitable firms.
The Federal Energy Regulatory Commission (FERC) Tuesday ordered Barclays Bank and four of its traders to pay $453m in civil penalties for manipulating electric energy prices in California and other western markets between November 2006 and December 2008.
Six brokers accused of helping former UBS Group AG trader Tom Hayes rig benchmark rates used a range of excuses during questioning by prosecutors, including blaming colleagues and not knowing what Libor meant.
JPMorgan Chase, which has grown by more than 50% since the start of the financial crisis, is going on a diet.
Credit Suisse faces a tough decision: either double down on its expensive debt operation or retreat from a business it has long viewed as a cornerstone in the U.S.